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Gold/Mining/Energy : Nuvo Research Inc

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To: Joe Krupa who wrote (13339)4/26/2004 1:40:53 PM
From: Joe Krupa  Read Replies (3) of 14101
 
Further to Kimo1's (Ron Nairn) data on this point:

- Since December 16 (Provalis arbitration ruling), when the stock moved to the $1.00 level, DMX has traded 33.2 million shares.

- DMX has 75.9 million shares outstanding.

- Since December 16 (past 4 months and a bit), 43.7% of Dimethaid's outstanding shares have traded hands. Also, since this time, the stock has oscillated around $1.00-1.10.

Yes, though we are down 15% over the past few weeks, the stock has been relatively stable since December 16, despite 33.2 million shares being sold.

There is obviously interest somewhere.......BUT WHY? Why do the institutional holding's sites really show no change? Who are the new owners of these shares? There's not a chance that's retail buying.

There is either a well disguised hostile takeover in the works, or somebody knows something we don't. With DMX in the state it's in (from a public perception point of view), who'd buy 33.2 million shares? I'd be very surprised if retail accounted for even 5 million of that.

The mystery continues...
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