Sentinel: Even if the revenue for QE 3/31/03 is "improved" over QE 12/31/02, EDIG will report the biggest FY loss in its 14 year history and will almost certainly report negative revenue for the entire fiscal year due to its grossly negative gross profit on product sales.
However, even more importantly, as you know, EDIG has publicly disclosed in a rather obscure SEC filing that it "shall" file another S-3 to register millions more common shares to be available for conversion by holders of the Series D Convertible Preferred shares no later than the due date of the 10K, 6/30/03.
If someone wanted to salvage whatever capital they have left in EDIG, it might be very risky to wait for the 10K since this additional registration event will likely happen nearly concurrently. It appears that some are simply slowly liquidating now, as a couple of investors have admitted after their liquidation is complete (e.g. CDR/cruelien, joex17).
Additionally, there may be others who have given up, now looking to sell on any "news." The sentiment of many longs on RB has turned decidedly negative. If the supply of shares for sale on "news" is greater than the demand, the PPS also declines as we have all seen.
Therefore, it may not be possible to "time" the best exit anymore. Even with the increased volume in recent days, the stock is still very illiquid. Several individual EDIG investors report that they own more shares than the entire average daily trading volume. Those with very large positions can not liquidate them without further depressing the share price.
Sadly, for many (particularly for those who bought near the peak), it may no longer make sense to sell as commissions would eat up the proceeds. For many investors, it's just a ride to the end.