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Gold/Mining/Energy : Nuvo Research Inc

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To: leo_74 who wrote (13634)	9/22/2004 12:56:06 AM
From: SofaSpud	of 14101

A couple of thoughts. The new board has a huge task ahead of it -- you can't turn a situation like this around with nice thoughts and good intentions. They need cash. They need cash flow. And bloody soon. The thing that made me capitulate and sell was when Pensaid sales effectively stopped growing after two quarters. Ya, they were double y/y. But this last quarter wasn't materially different from the two before it. So what's up? Since it's not approved for long-term use, do you get one scrip with maybe two refills and that's it? If that's the case, then Pennsaid isn't going to save the company, no matter who is running it. Let me be clear -- I don't know if that's what's going on -- but I do know there hasn't been meaningful growth for a while. The real short-term thing I'm afraid of is like what happens in politics when a government is defeated. Invariably the new guys come in and say 'the books are worse than we were led to believe.' If that happens with DMX, then there's yet another buying opportunity coming up. Just a couple of random thoughts. As I said, I don't have a position at the moment, although I've lost lots of money here in the past.

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