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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: jbIII who wrote (16243)9/14/1998 11:27:00 AM
From: Paul Salber  Read Replies (1) of 20681
 
John,

Now that the stock option prices for management are priced in
pennies, there is a fortune to be made for anyone who can turn it
around. This, coupled with the pure challenge could be enough to
entice new blood with a real focus to do so.

Based on the current price ... say $ .75
Assume an option price 80% of that ... .$.60
A guess at Sid's chunk ... let's give him 500,000 shares.

... hmmm... Pretty lucrative (potentially) for someone who really
believes in Franklin Lake.

I wonder just how many shares Sid, et al. have managed to secure for
themselves .... anyone have any idea ?

Paul
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