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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: jlallen who wrote (16450)10/1/1998 8:02:00 PM
From: GlobalMarine   of 20681
 
John: One thing to note is that the press release says nothing about spinning off FL in a PUBLICALLY-TRADED company. Will Sid take it public, or will it just be a private entity? If the latter, people will have NO WAY easy mechanism to sell their shares.

As for today's selloff, I wonder if sellers are thinking that management wouldn't try to offload a big piece of FL unless it felt that current testing isn't going well?
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