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To: Cal Gary who wrote (8168)	12/5/2001 10:22:56 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 14101

CG, I'm not sure I agree on this: "...despite some regulatory delays in PENNSAID approval," said Rebecca Keeler" Psst, this is a hint. Negative. The full context was: "We are very pleased to have extended our agreement with Acqua Wellington for an additional few months, through May, 2002, to continue the flexibility to access funds as necessary, despite some regulatory delays in PENNSAID(R) approval." said Rebecca Keeler, President and CEO. "The market into which PENNSAID(R) will launch is large, at over $8 billion in NSAID sales annually in the United States and Canada." The phrase was specifically in context to extension. Shortening the sentance to its basics gives you "we extended the agreement despite some regulatory delays." The next sentance says Pennsaid will be launched in the US and Canadian markets. No qualifiers on that very clear setting of shareholder expectation. Wolf

To: Cal Gary who wrote (8168)	12/6/2001 12:27:00 AM
From: Joe Krupa	Read Replies (1) \| Respond to of 14101

Hi Cal, Well, I'm off by a full $1 million this time, but it all makes sense. On Nov 28, I posted the following: "Actually, I will concur that it's $1.5 million assuming the 99k bought during this draw period, by two of the Amigos, were in fact Acqua transactions. That would leave them about another 70k shares shy of the amount needed to total about $1.5 million. Given that there are 2-3 days more for them to "arbitrage" it, the $1.5 million works very conveniently." My "assumption" was wrong that "the 99k bought during this draw period, by two of the Amigos, were in fact Acqua transactions." In other words, that buying through Dundee and TK was NOT Acqua related. Add on that 99K + the extra shares sold in the last couple days, and you have $500k more, bringing the total to $2 million. Also recall that last draw (announced Nov 5) was for $1.5 million. A couple days before that date, I predicted the draw total would be $2 million. There's the other mystery $500k I saw sold during that period. I'm glad that I'm able to reconcile my predictions to the actual draw amount using a little 20/20 hindsight. It proves there's no mystery to the three amigos. I don't expect any draw now until January. As I mentioned a couple days ago, I don't think the liquidity is there over the Christmas season to support a draw. I bet that's why she went with $2.5 million this time, in order to provide a couple months buffer. Joe