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Post# of 93862
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Cassandra

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Cassandra

Re: Churak post# 34271

Saturday, 04/05/2003 5:12:00 PM

Saturday, April 05, 2003 5:12:00 PM

Post# of 93862
Churak: In this case the letter of credit is extended by e.Digital's customer, Fujitsu-Ten to guarantee payment of the manufacturer of the device, DigitalWay. DigitalWay has had to accept stock as payment for previous manufacturing services.

It is not in any way an indication of the credit worthiness of EDIG, but was needed because EDIG has abysmal credit and no cash. It is a reflection on the credit worthiness of Fujitsu-Ten, not EDIG.

~Cassandra



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