Joe, At this point in time Edig cannot afford to buy its own stock. Such a decision will be in the short-run intertests of shareholders but at the expense of its financial health. Specifically, the company has to disclose its intent and there are a number of critiria that they have to be satified regarding its present level of current expenses as a going concern and creditors. Although it does not have any creditors presently, the other critiria are pretty strigent. Assuming that it can, the market will evaluate that kind of move favorably and the PPS will increase provided that their balance sheet shows still strenght after such a purchase. But for any substantial increase in PPS the required purchase has to be commesurable which means that it will take a great deal of money to accomplish this. They cannot really reduce the present float substantially.

This kind of strategy might, therefore, produce short term gains in PPs- if at all- but if the rest of the conditions are not satisfied it will be just that and it will cost the company a pretty penny with no obvious benefits.

At this point, it will be a better strategy to attempt, with the money they have as well as the prospective riches, to aquire more technology and augment their products with others so that their improve their chances for success in the future. In my judgement the market will respond more favorably to that than the case of reducing the float.