I agree.
EDE is likely to raise cash if UK shale sale is delayed.
In 2012 it raised $3m.
In 2013 it raised under $2m (rights issue + settlement proceeds)
In other words its cash burn has improved by circa 33%.
$1m "should" be enough to see it through 2014 with some pick up in Optiblend sales & hopefully a favorable outcome with the Shale effort.
Many will be watching EDE because it holds big tickets ,but may prefer to wait till it is at least breakeven.
Being a bit early carries some risk & a lot of frustration....But could be extremely rewarding "if" EDE morphs into a heavyweight beast in a couple of years.
great news!, page-8
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