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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Logistics who wrote (2791)6/5/1998 10:51:00 AM
From: bob   of 8798
 
Excellent Post By Hunter.

: $5 and Under : NAMX -- North American Expl.-- Que Sera Sera!

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To: SOROS (3841 )
From: Hunter Vann
Thursday, Jun 4 1998 3:14PM ET
Reply # of 3848

Stamm/Boonen

Stamm/Ebeling

Stamm/Ziller

Perhaps it's not as complex as we think ... :o)

Marty asked me my thoughts on the recent release. Here they are...

Since March 29th the following has been accomplished. Stop gap
finance, in the amount of $700,000.(US), was obtained from
foreign sources to stabilize the Company.

Who are these foreign sources? What interest rate is NAMX
paying on this borrowed money? Were these foreign sources given
any securities as method of payment? Do they have a controlling
interest in the company?

It was stated that this foreign money was used to stabilize the
company. Does this include paying for the day to day operations of
the business?

What happened to the plans of becoming a reporting company? Has
there ever been a relationship between NAMX and Deloitte and
Touche? Were these statements simply just fabrications made up
by Paul?

Who was responsible for writing the press releases? Did these
non-factual releases have to be approved by the Board before they
were released to the public? Who was the person in the
organization responsible for the content of the releases??

What has happened with the Gruy Report? Does NAMX and Gruy
still have a working relationship? Which individuals in the
organization worked with Gruy? Which individual(s) in the
organziation wrote the Gruy press release?

Why has there been no mention of the Em-Sounder or its
technology? Is the Em-Sounder technology viable in determing
well sites on an already known gas-enriched field?

Of course, these questions only scratch the surface. There are still
many unanswered questions that remain. I don't think you'll see a
surge in price until some of these are cleared up. Something in
print from the company. And of course, this could take quite a bit
of time realizing the state that Mr. Ebeling has left the company in.
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