well that explains why they never registered the shares. If they had, and the stock stays about .60, there would be no excuse to leave the Series D out here
"Since EDIG has not yet filed the S-3 for the 11 million plus conversion shares, they can't exercise this provision and can't discontinue the dividends."
So instead of positioning themselves to reduce that expense, EDIG took care of the preferred shareholder. Why is that not surprising??
Anyone remember when there was a passel of post about how the fact that the Series D folks didn't want the shares registered was portrayed as a good thing?? Turns out they were just making sure EDIG could not retire the preferred shares and locking in the dividend payments!!!
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