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Gold/Mining/Energy : Nuvo Research Inc

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To: SofaSpud who wrote (13220)	12/18/2003 12:46:38 PM
From: jef saunders	Read Replies (1) of 14101

SofaSpud, dmx pays their bills just as they have been the last years. they've been losing money for years now. why is this year any different ? they are operating at a deficit. they raised the almost $10 million from the warrents and they are living off of that. if they run out of money again before pennsaid sales causes them to be break even, they'll go out and get more money. they've got $400k sales a month now versus a year ago of less than $100k. hopefully by the time they need to raise cash again they will be in excess of $1M a month sales. that has to look good to some money guy out there. it's great news that the pennsaid sales are strong...it's the news that really matters. the number of months left for dmx to operate in the red is going down faster. so i disagree with you that we will be fortunate just to get our money out of the company. the product is very strong, whether or not you rate management as strong or weak. i'm a longterm holder too and expect dmx price over 100 someday. the "someday" though is more like 5-7 years instead of the 3-5 years i was hoping before. jefS

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