Based on the last 2 press releases and Minister last post, logically I would conclude that it is inevitable that eDigital will have it's day in court.

The Company may sell an additional $8.0 million of common stock to Fusion Capital from time to time over a 25-month period after the SEC has declared effective the registration statement related to the transaction. The proceeds will be used to expand its eVU™ mobile entertainment system business, accelerate licensing efforts of its flash memory-related patent portfolio and for general working capital.

I would doubt that they need the money for keeping the lights on. (I believe somenone here said the monthly burn rate was under 200k).

Commenting on the Fusion agreement, Will Blakeley, e.Digital’s president and chief technology officer said, “This agreement with Fusion Capital comes at an opportune time by providing us with the flexible financial backing to help us grow our business, fulfill volume eVU orders, and increase eVU backlog in the healthcare, travel and entertainment industries. We also expect to focus resources on licensing our flash memory patent portfolio to the 174 companies we have identified to date in the cell phone, PDA/Pocket PC, portable A/V recorder, digital camera, camcorder and other portable device industries, that appear to employ our portfolio.”

Sure sounds like edigital is moving in a positive direction. I have been waiting for here for awhile, I can wait a little while longer.

glta

Tom