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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (14776)	7/26/1998 12:02:00 AM
From: Ruthie	Read Replies (1) of 20681

Larry: I am not a big supporter of Fred Arkoosh or of Sid Kemp. I don't know either of them. I have been a stockholder for three and one-half years and am trying to make some sense of all the bickering. The in-fighting in the company will be the ruin of it. The early leaks regarding the last press release in which a large number of shares were traded prior to the press release really made me wonder about the leadership of this company. With the present management my question was "How can Fred and Sid work together?" You can't deny that it is a strange board that we have and my question regarding Fred was why wasn't he considered for the board. From your reply, I assume that there was and is antagonism between Fred and Sid and that he wasn't asked. So again, I ask "How can the two work together?" For the good of the company, if they can't work together, I think one or the other should leave. Although I have been reading the comments on this thread, I have seldom voiced comments, believing that listening is much better than talking. Thank you, Larry, Mark and Jerard for your thoughts on the direction of Naxos. Your views have helped me get more of a complete picture of management and it isn't pretty.

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