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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Miner who wrote (10209)	11/25/2002 7:31:08 AM
From: Al Collard	of 11802

DMX-t...in the news: Globe says Dimethaid on a slow road to who knows where Mon 25 Nov 2002 The Globe and Mail reports in its Monday, Nov. 25 edition that Dimethaid Research chief executive officer Rebecca Keeler did not allow a single question from some 300 shareholders in attendance at the company's annual meeting last month, perhaps in an attempt to avoid the raucousness of the previous annual meeting where one shareholder called for her resignation and an independent audit of her performance. The Globe's Leonard Zehr reports that there is a running battle between Ms. Keeler and many shareholders over the seemingly endless regulatory road the company's flagship Pennsaid lotion has travelled in Canada and the United States. The Globe offers up an anonymous "biotech" source who slams the company saying, "I've never heard of anything taking that long." The Globe says Dimethaid is a story about undisclosed late-stage testing of Pennsaid, unexplained trading by insiders, the departure of two auditing firms and a European marketing strategy that is running a year behind schedule. John Totten, a shareholder who jumped ship in the $5 range, says Dimethaid "is a good company ... that is being destroyed by the CEO." Dimethaid stock jumped 14 cents to close at $1.99 Friday in Toronto.

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