Replies to post #43285 on e.Digital Corporation (fka EDIG)

[owd3]

Actually, they state.....

b) currently planned expenditures and level
of operation, we believe we will require approximately $800,000 of additional
funds for the next twelve months of operations plus amounts required to make
payments on the 15% Unsecured Note."

so I was wrong about the 4 months, but you can add the note payments to the $800k and you will come out just as bad. They go on to state:

"We have a forebearance
agreement on the $750,000 principal and accrued interest on the 15% Unsecured
Note and the timing and schedule of amounts due thereafter are not currently
known."

So there is no way of knowing what they will have to cough up for this note, it could be far worse than what I stated. Because they then tell us:

"we may
need to seek equity or debt financing for payments of the 15% Unsecured Note "

doesn't sound like a company that expects big things anytime soon, does it? They can not even pay their debts.