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

To: twentyfirstcenturyfox who wrote (12046)	1/30/2003 1:03:39 PM
From: wilyolvet	Read Replies (2) \| Respond to of 14101

fox: ...."am interested in understanding how you were able to sell your shares and hold on to your rights ....i simply sold off a percentage of my shares at $2.50 plus based upon my expectation that the share price would drop down to $2 or less...i held enough shares to replace the shares i sold throught the rights offering....i simply took a risk (that was protected on my downside by having the rights in place from my remaining shares) that i thought was prudent as rights offerings typically drive the share price down towards the strike price initially ..."The stock price, as you suggest, will hang around the $2 level, to ensure that the rights will remain available for the pros to pick up at pennies." ....i though exactly the same initially but have changed my mind because of the whispers i'm hearing...initially i was angry as i believed mgmt was making another play as i perceived that the amount of info available to some would be better than for others...now, my real concern is that all investors get as much info as possible and that the company gets funded...we are all working on the dissemination of info and i find it amusing that none of the info is appearing on the thread as if it is some big secret...i feel confident that people will get more to digest one way or another in time to make their decisions ...i have now bought back all of the shares i sold (fortunately at a profit) and i intend on exercising all of my rights ...."I firmly believe that the market pros will dictate the action on this stock for some time to come. If that is correct, there will not be any profits available, to be taken by small investors, except where we cannibalize off each other." ....it has always been thus and forever will be...after saying that, it is really up to dmx if all of the rights get exercised and who will end up with the lion's share...while dmx mgmt can't control approval announcements, there are a number of things that can go in a nr or even in a president's message that could have a very positive impact on the share price...if there is no commentary from mgmt, the share price will hang around the $2 plus level and the pros will likely be able to create a decent position by picking up the rights for next to nothing as shareholders will not likely sell their shares (as seen by the low volumes these days) but they will likely dump their rights...good news will mean a full subscription and then it will be interesting to see who ends up with the 13 million new shares...i will be watching closely as the outcome will likely decide the near term future of the company imo