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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Miner who wrote (10209)11/23/2002 4:16:43 PM
From: Al Collard  Respond to of 11802
 
Hi John,

Your in with DMX-t @$ 1.99 for 5,025 shares.

Chart for Dimethaid Research, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of DMX we can see the stock broke up on Friday and is now testing the resistance of it's 20EMA. The chart indicators have turned very bullish as both the MACD and the ADX have crossed over. Looks good John. I will put this stock on my ticker for next week to take a closer look.

Good luck with this pick,
Al



To: Miner who wrote (10209)11/25/2002 7:31:08 AM
From: Al Collard  Respond to of 11802
 
DMX-t...in the news:

Globe says Dimethaid on a slow road to who knows where

Mon 25 Nov 2002

The Globe and Mail reports in its Monday, Nov. 25 edition that Dimethaid
Research chief executive officer Rebecca Keeler did not allow a single
question from some 300 shareholders in attendance at the company's annual
meeting last month, perhaps in an attempt to avoid the raucousness of the
previous annual meeting where one shareholder called for her resignation
and an independent audit of her performance. The Globe's Leonard Zehr
reports that there is a running battle between Ms. Keeler and many
shareholders over the seemingly endless regulatory road the company's
flagship Pennsaid lotion has travelled in Canada and the United States. The
Globe offers up an anonymous "biotech" source who slams the company saying,
"I've never heard of anything taking that long." The Globe says Dimethaid
is a story about undisclosed late-stage testing of Pennsaid, unexplained
trading by insiders, the departure of two auditing firms and a European
marketing strategy that is running a year behind schedule. John Totten, a
shareholder who jumped ship in the $5 range, says Dimethaid "is a good
company ... that is being destroyed by the CEO." Dimethaid stock jumped 14
cents to close at $1.99 Friday in Toronto.



To: Miner who wrote (10209)11/25/2002 7:54:17 AM
From: Al Collard  Respond to of 11802
 
Globe says Dimethaid financing a dud for shareholders


Mon 25 Nov 2002

The Globe and Mail reports in its Monday, Nov. 25, edition that what began
as one-year bridge financing with a private New York investment bank has
turned into a major headache for Dimethaid Research and has contributed to
a 75-per-cent decline in its share price during the past 23 months. The
Globe's Leonard Zehr writes that on the other hand, the $50-million equity
line of credit from Acqua Wellington North American Equities Fund has kept
Dimethaid afloat this year as it waits for regulatory approval of its
Pennsaid topical lotion for arthritic pain. The deal, which expires at the
end of this month, allows Dimethaid to call on Acqua for cash in exchange
for new stock. The Globe says Dimethaid has only $5-million left to draw
from Acqua, meaning the company, which has monthly expenses of
$1.3-million, could run out of money in February. What irks many investors
is that Acqua currently owns only 1.56 million shares of the 5.9 million it
has purchased from Dimethaid. Acqua says it is not in its mandate to
control companies. An unnamed former insider says Acqua's stock sales have
allowed Dimethaid to "finance itself on the back of retail investors
without having to issue a prospectus."