e.Digital Corporation (fka EDIG)

[Trenddetector]

OT, but reiterates the value of Lines of Credit:

Amerco soars on news of $865.75M credit line (UHAL) By Michael Baron
Amerco (UHAL) is soaring more than 56 percent to $4.72 after the Reno, Nev., parent company of U-Haul accepted a proposal for a four-year senior secured credit facility of up to $865.75 million. The company plans to use the funds to refinance certain elements of its existing indebtedness, and for working capital needs and general capital spending purposes. Amerco is also negotiating terms on between $400 million and $500 million in additional financing that could be announced shortly.