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Gold/Mining/Energy : Nuvo Research Inc
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To: Montana Wildhack who wrote (6528)1/20/2001 5:12:40 PM
From: DaveAu   of 14101
 
Wolf,

I think you may be right that the first financing is either started or just starting. The PR didn't mention when the deal was signed but since it is a material event, I think it has to be disclosed within a few days.

With regard to Oxo, I think the idea of a takeover is fantasy. What I do consider likely though is that the loans that Dimethaid is providing to Oxo will be converted to equity. DMX will have to pony up more money just to keep their share at 20% when Oxo does a financing later this year.

Dave
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