ASI loan, which is secured by all of the assets of e.Digital
posted on
Mar 08, 2008 07:02PM
''On 1/9/2008, Jerry Polis filed a report with the SEC disclosing that he is the beneficial owner of 25,408,566 shares of e.Digital Corporation stock. This amount translates to approximately 10% of e.Digital's shares outstanding. Polis attributed the substantial increase in ownership to the contractually mandated conversion of e.Digital Series D preferred stock and accumulated dividends which resulted in the issuance of 17,000,000 additional shares of e.Digital stock to entities he owns and/or controls.''
Polis public co only has 30mln authorized ASIT - Hell if we go up they should go lil faster.... at .45 now.
emit...