HH: As you probably know, I think there is zero chance of this company ever having intrinsic value for shareholders who hold long. Therefore, I see no reason not to proceed with at least the discovery phase of a shareholder lawsuit if a law firm would take it on. It could always be dropped later if discovery was not encouraging.
Although the company has negative net worth, there is always the possiblity of disgorgement of ill-gotten gains from multiple parties. I really believe that discovery would reveal how truly dishonest this company has been for many years.
You'd be able to see the inside details of the NASDAQ application hype and fiasco, specific agreements behind all of the PRs, any NDA's that ever existed, BOD minutes, the calendars of the executives (what have they been doing for the last 7 years?), the productivity of the employees (what have they been doing for the last 7 years?), etc. It would be absolutely fascinating to uncover these details.
As I've said many times, the investor relations strategy for e.Digital is just like the method to grow mushrooms...
Keep them in the dark and feed them lots of manure!
Usually a different term for manure is used, but I'm a polite woman and try to avoid using profanity - however, in this case the BS term is quite appropriate. Make the substitution yourself.
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