InvestorsHub Logo
icon url

milplease

11/24/03 9:59 AM

#52440 RE: philozarton #52438

imho the reason the drop is small is because of...

“This funding strengthens our financial position, providing an essential ingredient necessary for closing significant new OEM business,” said Fred Falk, chief executive officer and president of e.Digital Corporation. “We will provide greater detail on the timing and importance of this financing at our December 4, 2003 shareholders meeting.”

icon url

chipperca

11/24/03 10:43 AM

#52443 RE: philozarton #52438

Since this is not the first time that E-Digital has sold convertible shares to friendly investors, shareholders are not reacting negatively. Everyone knew that fund raising was required after the larger than expected loss was seen in the last quarterly statement. For the few lucky people who got in on that financing deal it is a no lose situation. They will recover their investments and make profits in multiple ways.
icon url

CDR

11/24/03 10:51 AM

#52445 RE: philozarton #52438

Kevin Diversification is the best method for economic survival in this finacial climate . Personally ,the extra shares which I have accumulated is on the pps swings .Imo ,to go on the open market & purchase shares now ,without some solid information is not a good idea .Again ,my contention is that the future survival of edig would be the expanding APS program with multiple airlines .I truely doubt that edig could turn the revenue /profit corner alone with any Odyssey 1000 royalties .