e.Digital Corporation(EDIG) - Embedded Digital Technology Message Board

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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology

EDIG 0.0001000

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Mar 20 5:00 PM EST

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To: Savant who wrote (8839)	12/31/1999 10:51:00 AM
From: LLCF	of 18366

< The new Plan is proposed as a cramdown on unsecured creditors and shareholders."> Cramdown is forcing the unsecured creditors to forego interest payments [or other devaluation of their paper] with the hope of getting their principal back. They accept this in lui of liquidation in which they may get nada. DAK

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