SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Nuvo Research Inc
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cal Gary who wrote (10477)8/8/2002 10:18:21 PM
From: PlayTheKing  Read Replies (2) of 14101
 
CG:

Y/E financials at this stage mean squat to me as it reflects March 2002 numbers...historical mumbo jumbo.

What does strike me as odd is the fact that they have released "unaudited" Y/E financials. That's not typical for a public company as they would usually wait until their auditors sign off. I'm not sure what the hold up is. Then again, how much credence do we place in auditors given the recent fiasco down south.

Below are my observations:

1) Oxo purchase now amounts to CDN$92 million.

In 1997 they invested USD$20 million, and in 2002 another US$37 million totalling US$57 million. On top of that, they also had notes receivable of CDN$4.4 million which magically "disappeared" from the Y/E financials.

Assuming an exchange of $1.55 we get CDN$92.75 million [57 x 1.55 + 4.4]

Clearly, their primary focus is OXO and not Pennsaid.

Assuming a 25x purchase price, minimum, and if WF10 proves to be what we all think it will be, then the minimum price pharma's should be willing to pay is USD$1.5 billion for rights.

2) Tax loss carry forward is going to become an issue. For this fiscal year we "lost" CDN$1.9 million in tax free revenues. I figure the pool will be close to CDN$34.7 million pool for this fiscal year. Most of these benefits will expire by 2008.

PlayTheKing
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News