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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
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To: Starlight who wrote (7619)9/2/1999 1:53:00 PM
From: Ron Luhmann  Read Replies (3) of 18366
 
quote from the San Diego article

"The S-3 warned that the company has a history of losses and a cumulative deficit of $39 million. The company lost $2.6 million in fiscal 1999 and losses may continue, the document warned.

The company might have to obtain additional financing, and if adequate funds wouldn't be available, "we may not be able to continue operations or take advantage of opportunities," warned the S-3, which also noted that the number of shares outstanding had soared from 57 million in March of last year to 111 million in July of this year."

so....with additional 13 Mil shares issued total will be 124 Mil-57 Mil / 17 months = avg 4 Mil shares issued per month! a cumulative deficit of $39 Mil ? ... any wonder
why the share price is where it is ? .... and the CEO says
the company is on a sound financial condition ? ... just my take on the facts posted here ... Ron

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