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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: david cohen who wrote (4166)9/20/1997 11:22:00 AM
From: Nick Stefero   of 20681
 
David,

Talk about your turn arounds! I hope you don't mind but I just can't resist
quoting your posting #541 and your last one here together. If only for the
study in unbelievable contrast! Let this be an heartening example to us all:
"Hey, Mikey (David) likes it!"

NS

#541 December 20, 1996 -- david dohen to Rajiv Ayra:
"I just finished reading the press release and thought it was a joke! thats
the best they could come up with after six months! Sure, the stock will open
but anyone who buys it is a fool. Naxos can now continue to churn the money
of honest investors! This stock isnt worth more than a couple of cents and we
the shorts know that! Hey, I hope they run this dog so we can sell more!! You
guys just keep buying.......Happy Holidays."

Now nine months later you give birth to this from the demon seed above:

"I agree. Last month Naxos could not complete an offering at 1 1/4. Now, they are
able to get 5 for much needed monies. These funds enable them to continue and
complete a first class drilling program. I compare this to a drug company running
clininical trials to gather evidence for approval from the FDA. Once Naxos has
finished these tests and have shown significant recovery numbers then they have
succeded. No further dilution will be neccesary, at least not at these low prices.
Later on more money will be needed, but my guess is that prices will be in the
double-digits. I see this new financing news as EXTREMELY bullish on Naxos.
Besides, if they have what we all suspect, whats another million shares?? Just my
opinion. Gooooo NAXOS"
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