Nuvo Pharmaceuticals Inc NRIFF

RE: Nuvo's Delivery System

[3dollar]

Hundreds of Billions yet we trade at $0.14.  I don't disagree that the technology on its own has a value but I am not as optimistic about its future net worth as you are.  It will be interesting to see what the uptake is on the warrant program this time around.  If the outlook it as bright as we all hope it is then the uptake on warrants should be north of 90%.

I still believe that a buyout is our best chance at a significant return on this thing.  The speculation that management would try and sell for something in the $.20s or $.30s is ludicrous and unreasonable considering that Management holds shares and options that would not be in the money at those levels.  I think we'd all have to be thrilled with a share buyout anywhere in the $1-$2 range.  Something north of $2 would be best case scenario and perhaps wishful thinking.