Saturday, February 15, 2003 2:48:36 PM
I found this interesting, and a rather precarious circumstance to the vitality of the corporation.
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The property is sublet by Smith Industries Aerospace & Defense
Systems Inc. which is a subsidiary of large multinational company. Based on this fact, I believe it reasonable to conclude that Smith will provide e.Digital little lattitude in paying the outstanding lease liability come July 31st, 2003 expiring date.
http://www.sec.gov/Archives/edgar/data/886328/000107299300000496/0001072993-00-000496-0003.txt
I will use July 31st, 2003 as e.Digital's expected expiration date.
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The property is sublet by Smith Industries Aerospace & Defense
Systems Inc. which is a subsidiary of large multinational company. Based on this fact, I believe it reasonable to conclude that Smith will provide e.Digital little lattitude in paying the outstanding lease liability come July 31st, 2003 expiring date.
http://www.sec.gov/Archives/edgar/data/886328/000107299300000496/0001072993-00-000496-0003.txt
I will use July 31st, 2003 as e.Digital's expected expiration date.
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