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.[7]

http://en.wikipedia.org/wiki/Davric_...

Actually I thought it was closer to 29mln shares - they'v kept us afloat.

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