It's true that they haven't sold any shelf shares in a few months. That could be for several reasons. Cash flow may have improved, cutbacks may have been very substantial to reduce the overhead, they may not be paying all of their bills, they may have gotten another loan which will not be disclosed until the 10K, some combination of the above, etc. One never really knows what's going on with e.Digital until the SEC filings are released.
The 10K for FYE 3/31/03 is due by June 30, as is the S-3 registration. The 10Q for QE 6/30/03 is due in mid July.