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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Char who wrote (4326)7/5/1999 6:41:00 PM
From: Larry Macklin  Read Replies (2) of 5143
 
Char,

Its been awhile since i posted on this thread but i feel i need to comment on your post to Mark Silvers. I know for a fact that he does not HATE mgau. Mark is a good guy and he doesn't want to see ANYONE get screwed by J/L the same way they screwed Naxos investors.

I am sure Mark finds it is very interesting to read the MGAU thread, as i do, because it is almost indentical to reading the Naxos thread from about a year ago. We were constantly told to beleive even though there was no real proof. When something went wrong or was delayed there was always a logical explanation given to us and we beleived the explanations because we so badly wanted to (even though deep inside we knew the explanations given to us really didn't hold up when looked at closely or objectively by people on the Naxos thread trying to point out the same things that Mark and some other try to point out to you).

I know that you will continue to beleive whatever Mike tells you because you want to beleive regardless of the lack of proof. You will continue to accept whatever explanations he gives you for missed target dates and inconclusive results. I don't blame you---Mark and I did the same thing and i like to think that we are fairly intelligent and reasonable people.Greed is a tough thing to beat!!

Regardless of anything else I know one thing for sure.....if Mike continues to beleive that the company doesn't need to prove anything to the investment community and doesn't need to prove up reserves than this stock is worthless even if J/L is for real and the metals are there. No one except us speculative idiots and the day treaders buys these kind of stocks based on what we have been shown so far. Even if they start some production, no institution will buy a metals stock unless there are reserves that have been proven or porbable reserves. Real investers buy mining stocks, and most stocks for that matter, based on revenue that WILL BE COMING IN. Even if MGAU produced a bunch of gold why would an institution buy it unless that had a reason to beleive that they could continue to do so?

Back to my original point. Mark doesn't hate MGAU and he wishes the best for the people on this thread. It just kills him to see other good people get taken the way he did---accepting whispers from insiders that were never confirmed by fact.

There is one thing I know for a fact....Mark Silvers is on your side and not against you or MGAU.

Thank You

Larry Macklin

PS....Whenever Naxos stock shot up all the naysayers came out also....most likely because they couldn't stand to see all of us idiots get ahead of ourselves about all the money we were going to make!!
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