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

To: Cal Gary who wrote (8204)	12/10/2001 6:01:39 PM
From: PlayTheKing	Read Replies (1) \| Respond to of 14101

I recall in the YE f/s there was a note regarding a $1.4m committment to buy production equipment as of May 31, 2001. I guess this amount did not make it into the f/s (why? perhaps Play the King can answer this) but has made it to the Q1 numbers The notes to the f/s only indicates what the future cash outflows are going to be, but does not necessarily indicate when the future commitments have to be made. Generally, users will assume that the commitments are for the upcoming fiscal year end. The level of disclosure is up to management subject to auditor review. Auditors, though, can be "pushed" around. :-) From the quarterly report they have bought assets of $354K which leaves a balance of $1.046M to be purchased in the upcoming year. PlayTheKing