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Gold/Mining/Energy : Nuvo Research Inc

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To: Ron Nairn who wrote (12079)	2/8/2003 3:56:54 PM
From: Montana Wildhack	of 14101

Ron, Great post. It's good to hear your thoughts again. That this has not at all played out the way we thought doesn't mean it will not play out at all. In that sense just as Rebecca has shown she can be relied on to be overly optimistic she can also be relied on to continue fighting for success - despite some mistakes or shortcomings. She took the acqua route because the she kept thinking she was closer to getting what she wants than she was. She did listen to the shareholders and decided to go for a larger amount from within the existing supporters. I suspect she will continue to be frugal regardless and I expect this offering when it is complete will remove cash concerns for some reasonable time to come. From my perspective neither the sky-is-falling nor the rich-tommorrow group have been right or wrong. The bottom line is we've been kept waiting with regard to what the published brochure said, and what the revised brochure said, and so on (refer to overly optimistic above). Very true. But that only seriously matters to me if poor timing predictions are combined with failures. I suggest people who want to judge the UK go and look up what other products Provalis sells, whether they're in direct competition with Pennsaid, and what that timing was. Personally I prefer Dimethaid to be perfect and seriously I prefer several aspects of how Dimethaid handles things to be greatly improved. Overall though I haven't seen DMX land in the ditch the way some of the other previously touted biotechs have. What I have is frustration from waiting plus confirmation from many of the people around me who suffer from arthritis that Pennsaid is an unbelievably good product. Currently that frustration is directed at not being able to complete a rights offering in over 2 weeks. But its completion will likely remove the cash issue for some time. So I wait. I've become good at it. Good post Ron. Wolf

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