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Gold/Mining/Energy : Nuvo Research Inc

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To: Joe Krupa who wrote (8541)	1/28/2002 11:04:29 AM
From: DaveAu	Read Replies (1) of 14101

Joe, <<nothing speaks louder about the phase III results than the fact that DMX announced their intention to buy Oxo as soon as the blind was lifted, then announced several months later (after doing their DD) that they were going ahead with the deal.>> Actually DMX announced their intention to buy Oxo long before the data was unblinded. More importantly, when they announced that they were going ahead with the deal, it was a "no money down" deal. If WF10 is a failure, DMX will walk away with no further obligation. Hardly a ringing endorsement. I'm not knocking WF10. I'm just disagreeing with anyone who contends the risk is small. Dave

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