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Gold/Mining/Energy : Nuvo Research Inc
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To: twentyfirstcenturyfox who wrote (10546)8/13/2002 3:17:29 PM
From: Morag  Read Replies (2) of 14101
 
Hi twentyfirstcenturyfox,

I guess what the current share price and volume is telling us is show me.

As we are both painfully aware, there hasn't been any buying pressure of note to generate a decent pop. The buying pressure will come if we get some positive news of substance i.e. HC or FDA approval or JnJ agreement, or WF10 fast track - I believe we should know this within the next month or so.

With regards to REK and the private placement - I think that it would be problematic, and a waste of time and effort to generate a new strategy simply because the share price sucks.

With everything else she has on her plate - the above noted items plus delivering on some European wins. I think it is the easiest thing for her to stay the course. It is so much easier to deal with a known quantity where you just need to pick up the phone and say "I would like 1.5 million dollars by the end of the month please". There is no real operational effort involved and she can focus on other things that need her attention.

Sadly, she would have looked like a genius if HC had come through with milestones when they were supposed to, or the former distributor (whose name shall never again be uttered within earshot of any DMX executive - I spit on the ground...)it would have been a minimal dilution with a maximum effect.

A private placement at some future point, once a lot of the operational details have been settled and dime is dealing from a position of strength seems to make a lot more sense.

On the other matter, REK's holdings I know there has been a lot of debate about the transfer of her shares. If her shares were actually sold on the market it would have been even more disruptive than AW.

I tried to get onto the SEDI site but it's under construction. The annual report doesn't seem to disclose employee options in detail who is holding what - or in my haste I couldn't find it - I am still at work. Perhaps someone else can help out here.

Cheers

E
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