"WOW!" in a heartbeat."

The 52 week high needs to be broken and could be shattered on the right announcement rather quickly. (that's more than a double from here and would signal the move into new territory)

There could be developments that make that happen. If we get any infringers remotely notable and the eVU continues to produce, all of a sudden EDIG begins to look real.

Watch the volume....that alone raises eyebrows. Lots of sidelined cash outs from falling knives....looking for somewhere to go....up that is.

The guidance to date has been this:

1) Concluded Blakeley, “We remain on track for reporting record revenues for our fiscal year ending March 31, 2008 and, through new and ongoing business developments, we’re positioning e.Digital for a successful fiscal 2009.”

And this:

2) “In just a few months, we have made significant progress on porting our core technology to a lightweight, flexible embedded solution for individualized on-demand IFE entertainment,” continued Blakeley. “We believe that joint efforts with major airline and airframe companies will yield an embedded eVU system that will offer improved reliability, substantial product and weight/fuel cost savings, and other benefits that would facilitate fleet-wide orders.”

AND THIS:

3) "added Blakeley. “Also, our intellectual property team is working to finalize the detailed legal and technical documentation necessary to support additional Flash-R™ patent portfolio enforcement actions against a group of companies who have over $20 billion in annual U.S. revenues derived from what we believe are infringing products.”