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Gold/Mining/Energy : Nuvo Research Inc

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To: gg cox who wrote (12895)	9/15/2003 9:27:39 PM
From: Montana Wildhack	Read Replies (1) of 14101

Better statement information. Disclosure of funds used. Continued segmentation information. Consistency now in this format. Pennsaid sales increase over 100% (341k to 709k) quarter to quarter. Largest actual sales in the history of Dimethaid. Better arrangement with Italy on revenue recognition (obvious). Best gross profit margin in history (85%). At these volume levels that speaks to the efficiency in Varennes. KUDOS Rebecca and team. I point out your faults and I will point out your successes. Everyone at Dimethaid take a bow. Don't be discouraged by the price. It will take another quarter reported before this is believed and that is reasonable given how often there has been disappointment. Achieving these numbers without being on a single formulary is outstanding! Take a bow sales. Lets hope its Quebec or Ontario that are first up for review. (Being on the formulary in Ontario for instance means OHIP covers at least part of the cost. These sales are without any province covering any of the costs.) On this topic I will say that I have seen that one of the largest insurance companies in Canada specifically issued a paper stating it would no longer cover the on the spot mixing of Diclofenac which is to be replaced by covering Pennsaid. I had taken some off the table and I will very shortly be putting it back. I bought today on the RSP side.

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