OTCQX:MRVFF - Post by User
Comment by
Cdninvstron Feb 06, 2010 4:10pm
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Post# 16759412
RE: RE: I'll Keep Asking.....
RE: RE: I'll Keep Asking.....Thanks for your reply JD121. I did go to Nuvo site and skimmed through 3rd quarter 2009 release, didn't see any statements re 90 days having elapsed but I'll take your word for it. Now is the time for Ranbaxy to step up and request right for their stronghold countries. Hopefully this will force the hand of Covidien to buy out Nuvo. I'll settle for 75 cents a share....take the money and run, as it were.
Nuvo had a plethora of options to exercise now that they are cash flush on the balance sheet....including a special dividend.....a share buyback program...etc....instead they chose the option which will add further dilution...not my first choice.....I waited for something positive from their Dec. 1st press release.....and now this. It wouldn't have been inaccurate or irresponsible to release something like...Nuvo adds a shift in Varennes facility in response to ramp up in Pennsaid production.....I have no intention of waiting years for this penny stock to rise.