I just spoke to an old friend who is a bankruptcy attorney in NJ. He's regarded by his colleagues as one of the premier bankruptcy attorneys in the state.

I didn't want to take too much of his time so I gave him a fast rundown on EDIG's case mentioning the fact that the only real assets the company has( remains to be seen) are patents. The main question I had was whether or not the court(and it is the court's decision) can allow a new group of officers and directors to take over the company in the event of a 7 dismissal? His answer was, "We do it all the time". So much for precedence.

I think it would probably be better if the shareholders hired an attorney to plead their case rather than relying on the good will of the trustee. I know it's taking a chance but it might be the thing that wins the day.