Debt Payment Amount to Eric Polis father's Corporation - Due 11/30,2009
posted on
Sep 18, 2009 09:34AM
- Does anyone know the monthly amount of cask or shares ? Is this a non- issue?
- 7.5% Convertible Subordinated Term Note
On December 12, 2006 the Company issued a 7.5% Convertible Subordinated Term Note in the principal amount of $970,752 to Davric Corportation, which is 100% owned by Jerry Polis - father of e.Digital Board member Eric Polis - due November 30, 2009 in exchange for prior notes. The note provides for monthly principal and interest installment payments which may be made either in cash or in shares of e.Digital common stock.[7]
