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Gold/Mining/Energy : Nuvo Research Inc
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To: TheBusDriver who wrote (9808)6/15/2002 9:04:30 PM
From: Cal Gary  Read Replies (2) of 14101
 
CAMP NICE

Many good opinions being expressed on the Provalis termination.

I want to setup another camp.

I want to turn the tables.

The company that made a mistake is Provalis. They obviously won the distributorship, perhaps with a good presentation, promises, good knowledge of NICE (missed by a few months on that one but hey..) I would offer that many companies and individual enter into agreements that they do not Completely understand (or think they do). If they did so, then they would have modify/optimize their operations in order to full fill contractual obligations.

For example, many oil company's drill 'dud' wells or perimeter test wells (spend much money) that have no chance of proving up anything economic. They do these silly things not to confound the masses, stakeholders nor their competitors, but to comply with lease agreements and gain extensions, etc.

Much have been said that "UK sales" is bad. Yes, but I think the better way to view this is Provalis did not buy enough Pennsaid by March 31 to full fill its quota established in the distributor agreement.

It is too bad that UK sales are 'bad'. The fact is their 42 sales people and management did not get it done by selling Pennsaid from their inventory (not DMX's inventory) that they are obligated to buy from DMX.

Provalis had a great opportunity.
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