Re: e.Digital Corporation - Can you Dig it? Silversurfer
in response to
by
posted on
Aug 14, 2009 04:31PM
That is one reason I could not go along, (100%), with sinkman's theory that a 5 million share bought on open market by EDIG would lead to a rise in PPS ,thus costing more than $10 Million to buy out substantial shares as a means of float reduction...
I alway thought there are some10 millioin or so shares just waiting for a $1-2 a sgare range to bail out. That should work as a counter balance to a sudden appriciation in the PPS to $5 dollars if the company saw fir to redeuce the float...
Gil...