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Gold/Mining/Energy : Nuvo Research Inc

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To: axial who wrote (11908)1/21/2003 10:25:28 PM
From: wilyolvet  Read Replies (2) of 14101
 
Jim:

with no disrespect intended....i believe your survey consisted of about 30 people who actively read the SH thread...perhaps the census was slightly higher but certainly not in any way reflective of a proper survey conducted under random conditions...the people reading these threads everyday typically have a high level of active interest in the ongoing activities of dmx and i sincerely doubt that they represent all shareholders

nobody thinks rek purposely delayed the process for years or prematurely hired a sales force for the sole purpose of feeding at the trough...that is completely different from having a massive shift in the dilution strategy from being frugal for years to suddenly opening up the store at the very end of a long long long journey....i think everyone believes she sees the light at the end of the tunnel...i just hope that the thirteen thousand loyal investors who have been in for the long haul will all be able to afford to participate both financially and mentally in the fundraising....that way, there won't be any dilution and we all get in on the gravy train as you would put it

while i believe that a rights offering is a good solution in that all shareholders are treated equally on the surface(actually i lobbied for it a year ago and i spoke out against the last placement on nov 29th), i have to wonder if all shareholders will be in a financial position to write the cheque and if they are all privy to the same info as those making the deal

why 13 million shares at today's prices?...why not 2 or 3 or even 4 million shares on a rights offering...that way, the little guy has a much better chance of writing his/her share of the cheque required to avoid dilution which means there is a much greater chance that everyone is treated equally.....once the news is out, then do a big placement at much higher prices which at least lets the little guy have his win before the "REAL" money has to be raised ...why the sudden shift from "as few shares as possible" to "hey, lets issue 13 million just before the news"

my money is betting on the belief that the news is imminent and that this is the last "big score" for those that have the ability and confidence to write the cheque....this same scenario (a large rights offering for a down trodden stock just before it takes off) has been played out many times over the years (a good example was posted on the SH board today by PhilNopayne)

those that think that the stock market is fair to all will find my thinking hard to believe....i can accept that...my experience has been that the market is anything but fair

wily
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