I keep stating that EDGE is basically trading in lock step with it's dwindling cash reserves.
They have essentially halted operations, disposed of their clinical trial staffing, affording them all generous severance packages and haven't issued an update in months.
This was a good TRADE
I traded it many times
But now its looking real dicey unless, as you state, a merger partner or takeover entity is announced - if ever.
Many times these company's just run out of cash or take themselves private if they have no intentions of raising capital via the capital markets
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