HL,
First of all, I do not believe you should be telling me that I "don't
have a clue" when you have no idea who I am or what I know. Certainly I could elect to say the same thing about you, since your
multiple posts on this thread demonstrate you have at best a
rudimentary grasp of the history of this company or even of the
events of the past year.
You do make a valid point that Ledoux has not performed chain of
custody on Franklin Lake samples. That is precisely why
BD was employed-to remove the element of uncertainty regarding
the COC. If the COC is intact, as it should be given that BD supervised the drilling and the transport of the samples, then we should then look to the next step-the testing of the samples. If Ledoux certifies high grade numbers on the BD samples, that should be more than enough to dispel our concerns, at least about
the presence of gold. Otherwise, we are to believe that either BD
or Ledoux is fraudulent in some way. While that is certainly a
possibility, it is low down on the differential.
Ledoux has been working with Naxos for quite some time now. Since Ledoux is a well known lab and has a certain reputation to protect, I doubt that they would agree to continue working on a project if they
had any evidence of fraud. You might make the argument that they
could turn the other cheek, but I would doubt that.
Regarding Johnson, Lett, White, and others, perhaps they don't
really have a good grasp on what they are doing. Sometimes things
work out for the wrong reason. In any event, given that these
people have been to Ledoux labs and worked with Paul Blumberg,
and Ledoux is still interested in working with Naxos, I can safely
assume that whatever it was that these people demonstrated to
Ledoux was significant enough for Naxos to make a significant
offering to Johnson for licensing of his methodology. This was done
at the recommendation of, guess who, Ledoux. Something in
the procedure must have made sense to Paul blumberg or he
wouldn't have recommended to Jimmy John that they license the
procedure.
If that is not enough for you, do you really think that high grade investment bankers such as Allen and Co. would have ever gotten
as far in negotiations as to actually put a deal on the table, if there
was even a whiff of a scam? Not likely.
Listen, I have my own reservations about Naxos and I might just
lose all my money but I was in this when the stock was halted,
still in it when the stock was $.75, and now I am still in it at $8.50
on the way to the teens.
You can short Naxos, buy it, ignore it, or whatever it is that you do but
if you are going to trash Naxos then at least have your facts straight
when you do so. Otherwise, myself and anyone else who
has followed this company will easily be able to dismantle your
arguments as well as your credibility.
-DM |
