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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Rich who wrote (8891)2/6/1998 5:11:00 PM
From: GlobalMarine   of 20681
 
Rich: I find Matt to be a Pit Bull attacking anyone who would mention anything negative about his beloved IPM and other DD investments he holds, not to mention attacking other DD companies to help place his in better light.

<<Any mining engineer in the world will tell you that that process in not patentable. Now ask yourself WHY did Jimmie John not know that?? Because he doesn't know anything about the mining business.">>

Opinions vary as to whether the process can be patentable. Maybe it can, maybe it can't. So what do you do? If the process looks promising, you have a choice between paying for the rights and using the process, and not paying for the rights and using the process hoping that it will not be successfully patented by Johnson because he would then sue you for patent infringement and you could lose the ability to use the process.

Jimmy has a responsibility to maximize shareholder value, and if this process appears to be the only one that can unlock the secrets of FL, if he pays up, he can use it, and if he doesn't, he may possibly wind up without the right to use this recovery process and the stock will be back at $1. Given the two alternatives, Jimmy John is doing the right thing to acquire the rights if he evaluates the process to be effective and efficient, IMO.
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