e.Digital Corporation (fka EDIG)

[murrayhill]

"....The most positive aspect is that at least someone is still willing to support us through the purchase of our stock. They sure can't make any money buying at .53 & .38 while the current trend continues."

I think they are making lots of money by selling "short shares" borrowed from unsuspecting longs via MM's. For example, if the "equity investor" began naked shorting at $1 or so, and closed the position by purchasing the promised discounted shares at about $.45-$.50, that is making money, IMO. Similarly a short position established at close to $.60, a week or so ago, will yield similar profits when that position is closed at say $.35, with more discounted shares direct from Edigital.

They can, and will continue doing this, with a grateful green light from the company, as long as they choose.