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Fred"s email also puts it clear how they are going to use the cash.

Thank you for your email, and continued support. In our most recent press release we announced this new strategic direction for e.Digital based on the development of core technologies for markets that we believe are far more significant than IFE. We believe that long term shareholder value can be built by aligning our Flash-R™ IP monetization business with developing and securing key rights in major developing market segments and working with strategic business partners to bring these technologies to market. We realize there is always a desire for more information; please understand that it would be improper for e.Digital to announce key technology developments or business relationships before we have completed our work. Today’s announcement formalizes a major change in our strategic direction. We will be providing further information regarding e.Digital Innovations Group developments next quarter.
Kind regards,
Fred
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