I´ve been investing in edap during years ( I had shares with the i-move approval 3-4 years ago)..and I´m absolutly agree with "our friend" allsarocky..management is pathetic but absolutly disagree with the share price..we will see 8-10 $ with the approval..
But there is a fact that I didn´t like nothing...each time that Edap breaks an important resistance ( 3,5) makes a big jump...and this time it has been different...too many sellers above 3,5 $....
Probably edap will have a little pull back...we´ll see.
Today we have seen huge orders at the bid between 3,50-3,55 and probably... someone has bought more than 200k.. ( very good signal for the approval) but despite these orders edap couldn't go up ( very bad signal for next sessions)
We only have this information: (June 14,2013)
"The 100-day meeting with the FDA held on June 3 provided a discussion forum with the FDA regarding our PMA application. Based on this meeting as well as the FDA's device review process and associated 'Review Clock', EDAP anticipates a panel meeting next year."
Edap needs an exact date...when it happens the run up will start...but it could be in a month..or in June...