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EDIG released news of the first lawsuit on Jan. 7th, 2013 and the stock jumped up to $0.145 by Jan 8th, 2013 from $0.1152 at the close of business on Jan. 6th, 2013. Since the first announcement EDIG has released news on 3 separate occasions regarding new lawsuits and the PPS has reacted nicely trading as high as $0.19 over the last 2 months, with the most recent being the most ineffective. Two factors could be the reason for this unimpressive market reaction to yesterday’s news of adding five more additional lawsuits to the 16 that were already underway.

e.Digital Corp. shareholders and potential investors have most likely placed a market value on the lawsuits in play before the news released on April 2nd, 2013. Therefore, the additional lawsuits filed by EDIG did not display the $0.02-0.03 increase of past lawsuit announcements. Secondly, upon review EDIG market capitalization investors may feel that this company is already overvalued based upon a potential lawsuit victory that could bring in a very large sum of money. The market cap for EDIG is slightly over $54 M while the most recent 10-Q filed on Feb. 13th, 2013 year ending Dec. 31st, 2013 shows a total revenue of $1,618,412. That is over 33 times market standards. These two factors may be the reason for a modest 2.5% gain in yesterday’s trading session on news of a potential large sum lawsuit victory.