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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: carl a. mehr who wrote (15654)	10/29/2000 1:47:07 PM
From: Jon Tara	Respond to of 18366

Carl, that's when the other shoe drops. carl a. mehr wrote: "When is the EDIG earnings release date? LOL...humble carl " I believe that they will have to include the details of the $4M financing in their next quarterly report. That's the other shoe, IMO. The people providing the financing are not fools. They had to know that the NASDAQ listing was not likely to be approved. They had to know about the 9-month rule, and they had to know that EDIG had no rabbits to pull out of their hat to get the stock price over $5 in time, and they had to know that the stock price would drop further when the application was denied. Now, what does that tell you about the financing arrangements? Given the facts above, I believe it is most likely that the financing was done using no-floor convertables. The investors will make a profit regardless of where the price of EDIG goes.