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Message: 100 Mil

100 Mil

posted on Jul 13, 2005 07:22AM
It is my opinion (OPINION) the latest request to issue 100 mil more stock is a ``Poison Pill``

EDig is fully aware that Wencor is trying real hard to ``corner`` the IFE market. Buying/controlling EDig is certainly a possibility that must be considered by the honchos in Poway.

(Even though I firmly believe Wencor has ``````EXCLUSIVE`````` control from Edig for the guts of the DP, granted by EDig.)

As I understand it EDig still has 35 mil shares still available for issuance. Another 100 mil available (BUT NOT ISSUED) would be a hard pill to swallow for a potential suitor.

EDig has too much going for it at present....(being hinted at) I don`t think it is in their business plan to entertain ANY offers. Nor would one hellava lot of shareholders agree to a takeover.

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