To some of you EDig selling stock is tanamount to ``keeping the doors open``. Just dump a few more shares, dilute the stockholders equity, laugh a little collecting our paychecks, wait a few more months and do it again....Those poor dumb bastards will still be there hoping for the ``home run``...which we know will never occur.

That`s the sentiment I see in a lot of you and I accept your feelings but you and I are not on the same page.

While I dislike the dilution, what`s the alternative? ``Closing the doors``? Turning the electricity off??

While I dislike the terms, they must be attractive enough to create a interest in smart people with funds to invest those funds...

My take, from the standpoint of pure investment logic, is EDig got the financing, got the moola, got the bucks, the geld is in the bank, the yen is available to spend, the franc is buying whatever its buying, the pound is pounding, the peso is still worthless....etc....

The fact that 27 investors were convinced that putting up an average of over $50,000 apiece was not shoveling their money into a sewer and saying TATA to it, is an enormous vote of confidence in the company.

These investors HAD TO HAVE HAD some inside knowledge of what value their investment would have OR ELSE THEY WOULDN`T HAVE JUMPED IN. This knowledge had to convince them that the company had ongoing prospects to be successful OR ELSE THEY WOULDN`T HAVE WRITTEN THE CHECKS....

To be more personal, if I were one to those 27 approached to write my check I WOULD NOT DO SO IF THE INFORMATION I WAS GIVEN SHOWED ``ABSOLUTELY NOTHING``. No chance for any IMMEDIATE BUSINESS, no chance for profits, no chance for any success, no chance for ANY return of my investment.. JUST WHY IN THE HELL WOULD I WRITE THAT CHECK????? I would not, a hundred times, I would not...

So the fact that the deal was done is significant in itself. A least to me. And to convince 27 different entities to get the deal done is even more significant...There is no 1 ``sugar daddy`` here, no 1 person who can be conviced easily to open his wallet. 27 people...had to be convinced...Thats says a lot...

And to put a little icing on the cake, we have two ``insiders``, two officers of the company, putting a substantial amount of their personal funds in the kitty. That screams outloud, ``I have confidence from ``MY PERSONAL KNOWLEDGE``, in my actions.

That is so positive and has not occured prior to this financing, that many of you have complained bitterly about those officers not having confidence enough in their own company to invest any personal funds....

Well, we have now heard of 3 different transactions of ``insiders`` putting their money where their mouths are.

RP and these 2 mentioned in todays blurb.....

Plus the PPS is not showing a lot of displeasure in todays blurbs....Not down much, no huge volume.....

All in all I`d say....not bad.....frank