First, we are in 100% agreement as to the business logic that we hope is in play. But buy EDIG? Makes sense to a degree. With a reasonably successful product, it works out to a ``pay me now or pay me later`` scenario. Again, IF I were Wencorman, I think I`d hold back till it became obvious that success were a certainty (and after nearly a year, I don`t think they could say that yet, and competition is coming). Even then I think I`d give it a lot of thought. Do I want to own yet another business, this time one doing things I`m clueless about? (although IMS fills that mold, but was a far easier and much, much cheaper buy than EDIG would be, IMO, and is focused on IFE and nothing else).

Would you pay $25M for EDIG at the prevailing PPS? Double (or some other exponent) that with premium attached? Isn`t making $1,350/unit good enough?

Having said all that....recognizing that EDIG has some 165M issued shares, another 35M already authorized (which, if sold, would bring $5.25M at current PPS and enough to support ops for nearly two years), and they are requesting approval to authorize another 100M shares; it appears to me that EDIG is further preparing to combat a take-over threat. EDIG sees what you see.... The thing I don`t like about this ``evidence`` and conclusion is that it does suggest (to me at least) that the relationship between EDIG and Wencor isn`t as ``happy`` as I`d like, and perhaps somewhat adversarial. And that supports the ``negative`` proposition about the Wencor Blunder. Though I do realize that even in a ``happy`` business relationship, a buy out is always an option if there are more bucks to be made.

FWIW,

SGE