e.Digital Corporation (fka EDIG)

[HotrodHans]

SGE, poop, BL, daboss and a few others should read thru some of
CHIPPERCA's posts...they may learn something.

as this one...

now why would it be to a disadvantage to be a financier?



http://www.investorshub.com/boards/read_msg.asp?message_id=1904096
Posted by: chipperca
In reply to: None Date:12/9/2003 11:56:04 PM
Post #of 70627

As unpleasant as it may be, I do think the timing of the S-3 will have to wait until the financers of the convertible shares have been able to create a sufficient short position to protect their investment. The announcement of the S-3 registration probably will put pressure on the share price, allowing them to cover their short position at a lower price. When announcements of new OEMs and Airlines is made, and the share price rises, they will be able to cash in on a higher price with the warrants. It is a no-lose situation for the convertible investors, and that is why they invested 1.2 million dollars. When E-Digital becomes profitible, it will be nice that this type of financing will no longer be necessary.



I don't believe they (the agoracon crowd) could explain their way out of this type of financing...it's the way it is...like it or not.

Now, Gil, Ozzy and myself at least know who has the advantage.