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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tim Hall who wrote (19632)	7/31/1999 7:56:00 AM
From: Richard Mazzarella	Read Replies (2) of 20681

Tim, there sure is something strange going on IMO. I keep asking myself how can a company be as incompetent as Naxos. It disappoints, creates uncertainty in spades, and acts like a chicken with its head cut off. Why? It's so inept that I'm beginning to suspect the apparent confusion is engineered. You've said many times when looking for motive with the dirts "follow the money". Where is the money? Well, one can create wealth by driving the stock price down (short?), buying cheap converting warrants in a PP, and then selling everything higher. Naxos has sure driven the price down. It even announced options and warrants at $0.50. Now all they have to do is get the stock price up in ~1 year. If JJ was still at the helm I would give this scenario an ~98% probability. However the present crew may in fact be truly inept and only warrant an ~30%. <VBG> I know this sounds way out, but then lots of things in the dirt have been way out. Thoughts?

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