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To: Salt'n'Peppa who wrote (13476)5/21/2004 4:47:05 PM
From: Salt'n'Peppa  Respond to of 14101
 
DMX halted trading at 4:02, pending news.

Someone had better tell the silly cow that the market closed at 4:00.

-------------------------------
Market Regulation Services - Trading Halt - Dimethaid Research Inc. - DMX
Friday May 21, 4:20 pm ET

TORONTO, May 21 /CNW/ - The following issues have been halted by Market Regulation Services (RS):

Issuer Name: Dimethaid Research Inc.
TSX Ticker Symbol: DMX
Time of Halt: 4:02 PM
Reason for Halt: Dissemination of News
----------------------------------------------

LMAO.
S&P



To: Salt'n'Peppa who wrote (13476)5/21/2004 8:08:04 PM
From: DaveAu  Read Replies (1) | Respond to of 14101
 
17 million shiny new shares and lots more to come. One way or another, they have to pay Kuhne 9 million bucks in October.

These shares will likely all be voted in management's favour. Which can be done even if there is a corresponding short position.

This is fascinating stuff.

Dave



To: Salt'n'Peppa who wrote (13476)5/21/2004 10:45:06 PM
From: Cal Gary  Read Replies (3) | Respond to of 14101
 
Agreed. Disgusting.

The .58 strike price for 11% dilution was already hard to bear. Then the sweetener @ .74 cent single warrant for single common share is way rich.

The second 11% dilution has not happened, and may never happen. The potential 8.6mm share overhang on the .74 warrants will keep a lid on the share price at below .74 for some time.

Depending on how rich the expiry time is. Scenario 1, short expiry time, the .74 cent warrants may expire worthless if the shares do not trade above .74 cents. Scenario 2, long expiration time, (I'd agree that insiders can sell their shares and hang onto the warrants is low risk super return especially if FDA approves) acts like a stock option.

Raising $5mm to keep the company going was expected but I suspect the rich deal to PP participants may be related to pressure being exerted by the dissident group. This is just speculation, because we we never know who is taking the PP, it can be Paradigm who will cover shorts or distribute over time. Assuming insiders have taken the PP, insiders can grab a quick and cheap (potential) 22% ownership (on top of whatever shares controled or friendly to current management) to be used in any proxy fight.

PS BTW GFG!!!