Replies to post #39413 on e.Digital Corporation (fka EDIG)

[Trenddetector]

Its simple inventory financing...not a big deal.

[Cassandra]

$74,137 to redeem all of the principal and accrued interest on the 24% Unsecured Note to a director

I don't recall seeing this in the 6/10/03 filing for the sales of the shelf shares. Does anyone else?

Which director loaned the company money at loan-shark rates? IMO, the name of the director should be revealed and this loan should have been disclosed in the filing.

[Churak]

At what interest rate would you lend unsecured funds a company that has declared that they have 3 mos operating capital? It's a vicious circle. Get shares at discount to market. Sell shares. Loan money to company at high interest rates. Not uncommon. Not illegal.