Re: EDIG Full Time Employees: 21
in response to
by
posted on
Jan 06, 2008 05:16AM
I wrote this on Dec 28 concernig the note which was just paid off in stock.
"I'm not sure anyone knows the answer to this but I'm pretty sure they rescheduled a note a couple of months back that was due mid Dec. I did notice that mid Dec. came and went and we didn't see any SEC filings to indicate another rescheduling of payment. ($750K was due I think) So if I'm remembering correctly, this non event means they paid off that note. This would be another incredibly good thing. Please feel free to correct me in my recollections or if my assumption is off base."
As it turned out the due date was Dec 23. I'm not sure what the SEC filing requirements are but it would seem that eDigital milked the filing to the limit. I had intended on talking to Putnam last week and wanted to include this issue as a question. I'm not sure he would have answered anything about the repayment what with the SEC filing in the process. When I have the opportunity. I will follow up.
Larry