Did everyone forget what was once said by the company (RP) in response to a shareholder concern about the possibility of a hostile take-over (buy out)? As I recall, having a large float was their primary means of standing off this potential threat. Authorizing more shares may be part of a strategic move along these lines. May be far-fetched, but coupling company statements re: new business and the request for authorizing more shares leads my mind in the direction I`m suggesting. Maybe they see a threat on the horizon in recognition of new business (and the status of their customer, and/or their customer`s competition). It could even be at the demand of a new customer to assure they don`t get the rug pulled out from under them (and end up beholden to a third party, killing their investment in a new/enhanced product line). Could even be Wencor....if they lost us to a competitor, their IFE business would be dead, or at least on shakey ground (though I honestly don`t credit Wencor with having that much smarts - afterall they did buy a pig-in-a-poke called APS. LOL).

Why else would EDIG pursue this avenue if business prospects look very favorable? Favorable business prospects provide leverage for favorable financing to support business expansion/posturing (typically). Tangible contracts can also be leveraged for favorable financing of up-front costs (inventory build up).

This is where my head is at.... Seems a company wouldn`t posture for more float if near term business prospects were good to great, unless it is a defensive move.

But I KNOW nuttin`!

SGE