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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Lalit Jain who wrote (5690)	11/18/1997 8:39:00 AM
From: Richard Mazzarella	Read Replies (1) of 20681

Lalit, <<months ago he was positive on Naxos>> Jay has been sour on Naxos for a few months now. He has openly complained about management many times. I must say that the recent intense recommendation suggests that there is much more to this than we know. He also hurt the company that he consults (CHIP) with his comments. He is now trying to damage control his outburst IMO. People should speculate more about the "why" than the superficially apparent reasons. Some items to speculate on: Since Jay is a consultant to CHIP, did Naxos blow some deal he engineered? Did Jay get into Grandish's multiple personality medication? Did Jay find a serious problem that could also hurt CHIP and used Naxos management as a goat? Does he know something about the playas were there is nothing to support the current Naxos market cap? etc.? etc.? I suspect that one of you smart guys can find the truth if you dig awhile.

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