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To: the Chief who wrote (7087)4/4/2001 10:57:30 AM
From: freedom-35  Respond to of 14101
 
In my opinion, a post from a very well informed investor Chief.

For the past couple of months, the surprising(???) strength of DMX is what has kept my portfolio at least somewhat steady.

I think that it should be remembered as well that the timing of this draw-down was most likely (or should have been) planned well before the establishment of these bear markets, most likely right after the Aqua financing deal was signed. I would also imagine that Rebecca had hoped for a stronger share price as well, and considering the current market conditions, I think she's got it. Were DMX to be performing on par with many of the other TSE stocks, the average price for this draw-down may well have been in the $3-4 range. So the old adage is true, there IS strength in numbers!

Best of Luck to All:
Eric



To: the Chief who wrote (7087)4/4/2001 11:49:32 AM
From: Tom Gordon  Read Replies (1) | Respond to of 14101
 
Chief,
you should be busy supervising your new nest, lol

I think things are moving very rapidly for Rebecca, to draw down at this time after an up front payment (??) from Provolis, and $$$$ hopefully in hand from the last draw down for overhead and capital costs for the next 5 months, should be sufficent $$$$ available otherwise.
I think there's expansion going on with the facility to engender the high probability of FDA and numerous EU approvals,if you don't have the means of immediately facilitating the need for these markets , your in deep do-do.
We don't want negative ramifications coming from the inability to supply these markets.
Thus, the insurance, or reassurance!

Regards TG.



To: the Chief who wrote (7087)4/10/2001 11:34:24 AM
From: twentyfirstcenturyfox  Respond to of 14101
 
Hi Chiefy: let's get hardnosed here. I think your hand is short a few cards.
1. the deal: I have said before and say again, this was a brilliant deal by our Prez. No question.
2. A deal is a deal is a deal: DMX will get its $50million, it is as legally certain as are death and taxes.
3. Save the last thanks for ?: You don't have to thank Acqua for the exercise/conversion price. That is a function of two (facts) in tango.
Tango partner One is the market. It's various components came together and decided that the average stock price for the prior-to-draw period, should be $6.90 and abit.
Tango partner Two is DMX's need for a cash draw of $900,000.
My thought was and still is - cash flow is surely something which we can regard DMX management as having the foresight to forecast.
So, surely we can ask for a little "body english" here. Either DMX should have been abit more forthcoming about their prospects. OR - if that was not feasible, then they should have bloody well arranged a bank line of credit - thereby postponing the date of an Acqua draw (and issue of stock) to a more advantageous time and rate.
There are books on this sort of thing , you know, if you don't actually have the experience of ever having been on a Board of Directors. Don.