e.Digital Corporation (fka EDIG)

[chipperca]

They had to acquire financing of some sort in order to keep operations going, at least according to the accelerating losses as shown in the last quarterly statement. It is unfortunate that they used this method to do so, since the financers will profit handsomely at the expense of sharholders. I would have much rather seen the executive officers taking stock options in lieu of salaries, layoffs of all but essential employees, and downsizing of rented office space.