Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DaveAu who wrote (13424)	4/20/2004 2:25:21 AM
From: axial	Respond to of 14101

Dave, if you're a George Costanza of investing then so am I. Your comment, "I think it may be too late for DMX regardless of management or the FDA,"" is interesting. I'd like to explore it a bit... As Mark and Joe have pointed out, beyond the series of ghastly fumbles by management, the primary reason for DIME's troubles has been cash starvation. Whatever misconduct by management caused the estrangement from The Street, and loss of cost-effective financing, one has to wonder what the prospects would be if financing, and coverage could be regained in light of new and effective management. By that, I mean a complete change. If a management change were accompanied by financing, and if the management change encompassed new people of known ability and integrity - do you not think the company could be reborn? I'm not "coaching" you here - if you think it's dead, fine. But the thinking behind the MMC was that the concept, and the pipeline always could have succeeded, in the presence of diligence, competence, integrity - and cash. So even though the banner was Management Change, the unspoken implication was that such change would revive the confidence of The Street, and attract financing. That the pipeline (especially WF10) showed promise. "Regardless of who the management is, they will need to re-capitalize and that will be done at rock bottom prices." Yes, perhaps. It depends on factors that are better left unsaid right now. No doubt about it, though: it would be better if the price were higher. Still, there's a little room left, if the game is played right. There are companies with less promising pipelines than DIME's (and nothing selling) but with more shares out - way more. Meanwhile, existing management keeps driving the company into the ground. A bunch of deceptive, self-serving incompetent clowns. If the rescue is coming, it better be soon. Else I fear you'll be right. Regards, Jim