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

To: Cal Gary who wrote (12970)	10/4/2003 8:22:05 AM
From: wilyolvet	Read Replies (1) \| Respond to of 14101

Rumour de jour I was told this week that DMX has secured an additional LC for $5-$10 million I have not been able to confirm the story even though it came from a good source If true, it would explain how they are keeping the lights on. If true, I would view it as extremely positive for the following reasons: * the lights will stay on * somebody that is well informed believes that the risk is much lower than past finance efforts which likely means that sales continue to do well as the company doesn't have any other assets of the required value to pledge * no dilution at current prices * it would explain why there has been no pp and no hype Even if the rumour is false, DMX must be getting money from somewhere whether if be from sales or up front payments or something else. IMO, the fact that there hasn't been a pp announced can only be viewed as a positive. Again, just a rumour that i have not been able to confirm