Company will file the response to the F.D.A. during the current quarter. She also clarified the pricing on the employee incentive program shares. She stated that the price in the filing was based on the market price at the time of the filing and that the price in no way reflects any perceived value by the company's management. The market price was $4.17 on the date of the filing and employee shares (non-management)are automatically priced at 85% of management's shares. The number of shares are the same as in past filings. As to any comment about the current share price she did state that obviously the current share price was disappointing but didn't make any comments that could be contrude as an inducement to buy the stock here. She is always very careful not to make any such statements. She did state that the company is scheduled to present at two investor conferences.
The share price on Friday was 7 cents lower than it hit seven days ago - during which the DOW has fallen 700 points. I bought more shares at $3.20 on Friday.