One important reason why the price per share does not respond to PR's and our expectations, is that the market has generated a number of competitors that can absorb funds ahead of Edig. Also the market has not given as yet a good reason for the bulls to come out of the woodshed.

To give you just an example consider GE. Its earnings were reduced but the trailing PE is still 4.00 and the forward PE is 5.24. The book value is $9.93, price/book .67 and cash per share $4.60. Today's price $6.80. This is serious competition given the potential of Edig vs ,say, GE.