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."