Something to watch for...
posted on
Dec 10, 2008 05:49PM
Will EDIG elect to secure more financing via the Fusion agreement?
The PPS must be above .10 and they have only about $500K left to acquire at current PPS levels up to January '09.
One would think they would take advantage yet, to continue with Fusion beyond that point they need a higher PPS...at least that's the way I see it.
So if they don't continue accessing that option it could be an indicator of pending settlements. Just something worth noting while we wait for more settlements.
"We may have access to up to $527,000 of additional funding until January 2009 pursuant to the Fusion agreement (or a maximum of $6.5 million at significantly higher stock prices). Future availability under the Fusion agreement is subject to many conditions, some of which are predicated on events that are not within the Company’s control. There can be no assurance this capital resource will be available or be sufficient."