Re: PPS DROP
in response to
by
posted on
Jan 14, 2010 09:45AM
Maybe there is an increase in outstanding shares.
Shares outstanding
As of June 5, 2009 shares outstanding of e.Digital’s common stock totalled 282,871,198.[1]
Despite that Delaware General Corporation Law and e.Digital's own corporate by-laws require the company to hold an annual meeting of shareholders to elect directors and officers and transact other business,[43] the company did not hold a meeting of shareholders between August 2005 and September 2008. The five prior meetings were held in December 2003, November 2002, 2001 and 2000 and January 1999.[44]
On September 17, 2008 e.Digital held an annual meeting of the stockholders and approved an increase in the number of authorized common stock shares from 300,000,000 to 350,000,000.[45] e.Digital held its 2009 annual meeting on November 19, 2009 at the company's office. The company's directors were reelected and accountants were ratified.[46]