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Gold/Mining/Energy : Nuvo Research Inc

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To: padco who wrote (12975)	10/5/2003 12:58:30 AM
From: twentyfirstcenturyfox	of 14101

Appreciating that this financing topic is all spekulation - with sales ramping up in Canada; I would be comfortable with factoring receivables and/or inventory of finished goods. Why? This type of financing requires greater than normal discipline by management - e.g. receivables must be collected before they become too old to qualify for the factoring terms. Factoring terms commonly provide for 100% financing of 0-30 days; and a declining %'s for 30-45, 45-60 and so on, until the receivables are too old to factor. In essence, management has a greater incentive to get that money in from customers. If they allow a receivable to remain uncollected for too long - they have to repay what they borrowed to the factoring agency. I wonder if the company has applied for financial assistance from the Export Development Bank (if that is still functioning)? After all - DMX is in the export business. Fox.

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