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: Tom Johnson who wrote (13572)	8/28/2004 8:39:22 PM
From: DaveAu	Read Replies (1) \| Respond to of 14101

"Looks like you made the right move at the right time" A better description would be "better late than never". I'm still following the company because it fascinates me. On page 5 of the management information circular, there's a chronology of events with respect to WF10. Why couldn't REK tell us these things as they were happening ? A lot of shareholders probably believe that the dissident group are their saviours. This is almost certainly wishful thinking. The group may be able to revive the company but current shareholders will not be the beneficiaries. They will be massively diluted and new management will be awarded large option grants at low prices. REK will walk away with 3/4 million bucks in severance. The company may not pay immediately and they may make all kinds of allegations of improprieties but eventually a settlement will be made and in my experience, the company almost always burns, not the former CEO. Dave