Drobx- what I think you are failing to grasp is the fact that there’s no longer a company behind the shares.
This is not one of those situations where the company for whatever reason was late or incomplete in its SEC obligations, but that still some promise or potential exists as the company continues to operate, and investors have some reasonable expectation of ROI down the road, and simply wish to stay the course or even accumulate whether the trading be risky and pink, gray, or purple. That’s not the situation at all here.
In e.Digital’s case, the company ceases to exist and all the wishing and hoping in the world isn’t going to somehow bring the company back to life and bring back value to the shares. The immediate problem is getting someone to stick their neck out there and make a market in these shares when there’s no longer a company behind the shares and when the rule makers for the markets need to be satisfied that there is a going concern behind the shares seeking to be traded.
If you owned a currency exchange and someone walked in with a big stack of notes from the poorest country in Africa, and even though you didn’t trade in those notes, you might consider buying them for some nominal amount knowing that said nation’s Treasury was still viable and that someone somewhere would have a market for those notes and that a trade could eventually be made.
In e.Digital’s case, someone walks into your currency exchange with a stack of Monopoly money (orange 500’s, yellow 100’s, green 20’s, all printed by Parker Bradley) and wants to trade them for cash, and you have to politely tell your customer that there isn’t a bank or treasury behind that paper and it does not trade here, there or anywhere, and has no value today, tomorrow, or ever.
Best analogy I can think of.
News 
Market Data 
Discover 
