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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (7791)	10/5/2001 11:27:03 AM
From: Cal Gary	Read Replies (2) \| Respond to of 14101

Wayne, Dimethaid had also extended $2.3mm to OXO. Interesting to is page 34 of the Annual report : 3. Notes Receivable The notes receivable of $2,385,000 from Oxo Chemie are comprised of three notes of $795,000 each. Each note bears interest at 7.5% per annum. Each note is collateralized against 68 common shares of Oxo Chemie owned by its majority shareholder. The notes, both principal and interest, are currently due August 31, 2001. By now, this loan could have: 1. been extended (hope not) 2. DMX is in possession of another 68 Oxo Chemie common (increased ownership) 3. collected $2.3mm + interest 4. any mixture of the above In any event, everyone should go out and buy some more shares from TK or Dundee. I don't think there is anything sinister with Dundee on the BOD and doing the sales. Yes, I heard about the insider knowledge and bailing theory. This does seem obvious and pausible, and leads to non-confidence. There is also the Sept 11 theory, and how the markets have changed. Accounts are being cleaned up (true from what I'm hearing else where). Also the Sept 11 double whammy on financial markets, drying up and making "raising money from the markets" harder to do. Therefore less chance of doing financing deals thru the many market options. Check it out, this coincides with the start of their sustained and larger size sales, simply share distribution. Events of Sept 11 obviously triggered a decision or series of decisions. I'm disappointed they didn't call the latest $1mm from Acqua at a higher price. The 6.50 floor prevented this and I speculate they may have needed to negotiate the new 4.25 floor. So the "insider knows all before and to the demiss of the rest of the shareholders" theory to may hold some truth here too. The most probable theory and its getting obvious, these two firms are handling sales from stock options that indirectly raises money for the company. Its no secret, it happens all the time in other companies. In general, insiders do support their company in this manner, and there are shareholders willing to help, but of course at a discount to market. The only difference is that unfortunately they cannot get it done quickly by lining up a $1++mm buyer and doing a cross. They should be done soon, knock on wood. Hopefully the Aqua million stems the distribution. Given our current antiquated insider reporting, we'll know in a few months if this happened or not. As always, IMHO. RTQ $4.10 Not so NICE price-wise. Actually ugly.