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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: Sidney Reilly who wrote (3982)6/19/1998 11:32:00 PM
From: Zeev Hed   of 4736
 
Bob, furthermore, if indeed there is a $700,000 loan you can bet your bottom dollar it is not a "nice" loan but it assures that if NAMX has indeed something those debt holders will have a good 50% if not much much more of that.

We had an argument a short time ago id 1/16 was cheap, and I answered not if it is destined to go to a penny. Unfortunately we are now getting pretty close to that value (I should say valueless) figure.

Zeev

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