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Gold/Mining/Energy : Nuvo Research Inc
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To: john.d who wrote (8023)11/15/2001 1:59:18 AM
From: Joe Krupa  Read Replies (1) of 14101
 
John,

"Since it is so obvious to everyone that Acqua is arbitraging/shorting the stock, you have wonder how Rebecca could say at the AGM that it wasn't happening (though she did qualify it by saying that the TSE has not identified that Acqua is breaking any rules. I assume that what they are doing is all very legal). Really calls into question the credibility of some of Rebecca's other answers that we can only trust her on (e.g comments about dialogue with the FDA that indicates that approval is expected by the end of the fiscal year)."

I hear what you are saying about "the credibility of some of Rebecca's other answers" in light of her comments on Acqua, however I somewhat disagree based on the unique circumstance Dimethaid is in. DMX needs the money from Acqua right now to bridge a dry period - it's not pleasant or painless for the shareholders, but it is getting us there.

We are drawing outside the original parameters of the agreement and it could likely derail the deal if Rebecca was to accuse Acqua, in a public forum, of not playing by the rules. If I were Rebecca, I think I would have given a similar answer to the question at the AGM. She was likely not being deceptive when saying it's up to the TSE to monitor the deal. If she has chosen to investigate Acqua's modus operandi beyond relying on the TSE, I suspect she is doing it in private and not publicly confronting them.

So I don't believe that here comments on the Acqua issue call into question her integrity on the other things she said at the AGM. I think she said what she had to on the issue.

joe
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