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Message: Re: Question Re: 8-K/Donii Thanks eom

Moo
Mar 27, 2009 06:10AM
3
Mar 27, 2009 06:20AM

Mar 27, 2009 06:28AM
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Mar 27, 2009 06:46AM

Mar 27, 2009 06:47AM

Mar 27, 2009 06:50AM

Mar 27, 2009 07:17AM

Yes, the $300K and $40K promissory notes were clearly paid [retired] in cash on 23 Mar 09 IMO. I base this on the fact that there is no mention of shares being issued to retire these notes. There were only shares issued in Jan/Feb 09 to make monthly payments that were due. I must admit I don't know how much debt EDIG now has left after these recent payoffs. Anyone know? Under $1M?

I am extremely happy to see EDIG paying off some debt with their IP settlement money and especially like this statement from the 8-K,

"This retirement also terminates the related security agreement that provided the lender a security interest in substantially all the Company's assets."

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