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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Paul Salber who wrote (18785)	4/27/1999 10:59:00 PM
From: Henry Volquardsen	of 20681

Did Fr Gregory tell you he planned to do so ? He hasn't told us anything plans to do. That is other then put people associated with Jimmy John on his proposed slate of directors. That and the support he is receiving from Mr John is enough, imo, to be cautious regarding his efforts. There is a great deal of hatred many people out there have for anything to do with the MGAU process. Don't try and spin the responses. There has been no hatred expressed towards MGAU. What has been consistently expressed by a number of posters is distrust of J/L. There is a difference between distrust and hatred. I see no reason anyone would not look at the process again while insisting on 3rd party verification. No one is refusing to look at the process again with 3rd party verification. But remember what J/L was demanding of Naxos, a major equity stake in Naxos before third party verification. No one refuses to pay J/L and pay them handsomely. But let them prove their process first with third party verification and then get paid. They refused this path.

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