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To: wilyolvet who wrote (11905)	1/21/2003 7:23:11 PM
From: DaveAu	Read Replies (2) \| Respond to of 14101

The price of the rights will tell the story. If they price them low enough, they virtually force the shareholders to exercise them or sell them to somebody who will. If they do have someone to backstop the offering they will give a much smaller discount. Either way, a rights offering is the fairest way of raising equity as it gives existing shareholders a chance to participate. It would be interesting to know what Tom Stanley is doing now. FFH was his top holding (11% of this fund) at end of November and it took a big dump this week. Dave

To: wilyolvet who wrote (11905)	1/21/2003 8:20:33 PM
From: axial	Read Replies (1) \| Respond to of 14101

"There are approximately 13,000 retail investors in DMX at last count who are mostly small players....they likely have very little money to play with at this very late stage of the game....many of those that still have cash available are disheartened by the poor performance of DMX management....either way, there is likely to be a large number of rights that won't get exercised by the small investor" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ There are approximately 13,000 retail investors in DMX at last count who are mostly small players...the survey indicated that 2/3 of them would invest further in a rights offering, depending on the price. For those that think I'm nuts, ask yourself why she is even bothering with a Share Rights Offering, when she has innumerable ways to increase her personal profit, anyway? And could easily have done so, in the past? I mean, why bother? If you're going to scam investors, why let them in on the deal, at all? That's not "good Bay Street thinking" - which you could characterize by saying "Never give a sucker an even break!" Of course, those that believe RK took great satisfaction in the unanticipated delays for approval, those that don't believe she hired the sales force with the sincere belief that approval was imminent, those that don't believe that she gives a rat's ass about the shareholders, but is merely feeding at the trough like some Bay Street (can you say Porkton?) pigs we've seen, will believe otherwise... they'll probably believe she dragged out approvals so that those with cash could pick up millions of DMX shares, at bargain-basement prices, while simultaneously screwing long-term investors. Those people will never believe that she sees the light at the end of the tunnel, and wants to let existing investors in on the gravy train. Naahhhh! But wait a minute - hasn't RK given Bay Street the cold shoulder for the last few years? Jim