Liquidity and Capital Resources
At September 30, 2010, we had working capital of $2,447,640 compared to a working capital of $2,965,681 at March 31, 2010. At September 30, 2010 we had cash on hand of $2,144,904.
Considering 16 settlements are pending, and looking at the already cash positive position, what will EDIG's new management team look like?
Was the Putnam departure part of a plan to signal a major change in the formation of the "new" EDIG, with its new IP and new technology developments, in the face of 16 pending settlements, or are they scrambling and hunkering down?
My guess is Putnam did not hang tough for 11 years post-bubble for nothing.
With DM fully engaged, and now Nunally about to file new patents, not to mention the announcement of the new EDIG INNOVATIONS Group immediately upon Putnam's departure, good news is likely coming.
Although we have experienced unmet expectations before, they sure are going to a lot of effort, with a lot of stellar people from DM to Nunally, to go down that road again.
This is going to be a year for a lot of key developments from EDIG.
