Cassandra I think everyone agrees that financing with convertible shares is an expensive way to raise funds. But since that is water under the bridge we can all hope that a registration of 20 - 30 million shares will cover the convertibles, and get them through the next year without either borrowing or issuing more convertibles. I think we will see the S-3 fairly soon, or at least after the financers have been able to short enough shares and give permission to E-Digital to announce the S-3.
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