It is a lousy agreement until you consider the circumstances that EDIG was in at the time of the signing. The company was very close to going under as another lawsuit was dragging them under with costs. The company at that time basically had the lights on rotating hours.

The problem with this 10Q shows the poor condition the company is in. It appears to be a one pony show(patent suits). There is no R/D developing new sources of revenue. I suspect PN is being utilized to prepare for the upcoming lawsuits. The company has made a promise of new "elements" and new investor interest by the end of the year.. I hope this becomes true but I am beginning to have my doubts.

We need a steady source of revenue, new marketable products as well as the lawsuits before we see any real jump in price.