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Gold/Mining/Energy : Nuvo Research Inc
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To: Cal Gary who wrote (13480)5/22/2004 12:40:53 PM
From: Joe Krupa   of 14101
 
Hi Cal,

"Depending on how rich the expiry time is. Scenario 1, short expiry time, the .74 cent warrants may expire worthless if the shares do not trade above .74 cents. Scenario 2, long expiration time, (I'd agree that insiders can sell their shares and hang onto the warrants is low risk super return especially if FDA approves) acts like a stock option."

I'm sure the expiry time is only 3 weeks or so....you know, just the like the expiry time of the rights during the shareholder rights offering. NOT.

Interesting that no expiry time was mentioned in the NR.

joe
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