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Gold/Mining/Energy : Nuvo Research Inc

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To: Montana Wildhack who wrote (8197)12/10/2001 12:57:09 AM
From: Cal Gary  Read Replies (1) of 14101
 
Thanks for the feedback Wolf.

I'll put in some effort to update my spreadsheet in the coming days using the latest f/s data.

I recall in the YE f/s there was a note regarding a $1.4m committment to buy production equipment as of May 31, 2001. I guess this amount did not make it into the f/s (why? perhaps Play the King can answer this) but has made it to the Q1 numbers.

I notice the current liabilities jumped by 1446 last quarter

Without checking the Annual Report, I guess that most/average option strike price is at $3.50. In Nov we traded down to that figure. With that in mind, I guess if anyone exercised their options and did not hold, was doing so for the good of the company and not for their own benefit.

I also suspect some options were exercised in this current quarter (Nov) and predict it was a sizable number.

Any reason why you would spec on this? DMX did draw $4mm in the last 2 draws.

FDA: With great comfort and great confidence...
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