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To: PlayTheKing who wrote (7738)9/27/2001 1:37:19 PM
From: Joe Krupa  Read Replies (1) | Respond to of 14101
 
PTK,

"given that the facility agreed upon stipulates a minimum share price of around $6.00 dmx cannot draw any money and looks to lose this cash source."

I have made efforts over the past 6 months to understand the terms of this agreement. I have come to the conclusion, based on talking to many people, either familiar with this specific deal or similar financings, that the $6.00 is there to protect Dimethaid, not Acqua. In other words, if Dimethaid desires to still take a draw below $6.00, they can.

I cannot guarantee this, but I am 99% certain this is the case. Dimethaid running out of money right now is not a major concern of mine. If push came to shove, Rebecca has a few options for cash. We will get the approvals from the EU in the next week or two, and a partner will be announced - that's what I'm keeping my eyes open for.

joe



To: PlayTheKing who wrote (7738)9/27/2001 2:04:52 PM
From: E. T.  Respond to of 14101
 
Yes, that dates coming up. I'm wondering what is the right thing to do here. A little news would be nice. I don't know why, but I think we'll see a serious market capitulation before the market reverses. So if a little news pushes up the stock, then it might be wise to sell some stock, that is, if the market hasn't already done its capitulation thing, and buy back in after the sh*t finally hits the fan.



To: PlayTheKing who wrote (7738)10/1/2001 7:39:30 PM
From: PlayTheKing  Read Replies (1) | Respond to of 14101
 
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