NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: Bisset who wrote (330)	8/3/1997 8:44:00 PM
From: Zeev Hed	of 4736

John: Is this document your creation or the real McCoy? I see there: "Additionally, Licensee shall issue to Licensor as a one-time non-patent royalty payment ONE HUNDRED MILLION DOLLARS U.S. (US $100,000,000.00) worth of its four and one- half percent (4.5%), ten-year convertible preferred stock. At conversion, Licensee agrees to provide Licensor with publicly traded stock of equal value acceptable to Licensor. " This is unbelievable. I do a lot of licensing, but the exclusivity rights rarely go foa an upfront payment of more than 1% of the expected market at "saturation" Does anyone in its right mind believes that NAMX will ever have revenues from that invention of $10 Billion per year? Remember, according to the company's literature to sounder improves finding costs by "pennies per barrel", not even a buck. To generate that kind of income they have to justify 10 major elephant fields. John, please tell me this was just a joke? If it was not it is clear that this operation has a single purpose, fleecing the investors which will later on buy from Petroclas its $100 million worth of stock. Zeev

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