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: bob who wrote (1810)	12/17/1997 6:49:00 PM
From: Sidney Reilly	Read Replies (1) of 4736

bob, I just depend on the info I can get from the internet. That's what this medium is about. Information. I don't have much luck getting info from calls etc. to the company and there are no filings or prospectus. I have to be discriminating about who I listen to, of course. I'm no fat cat either so I have to watch my phone bill. So it's really a crap shoot. The good news is that NAE says they will be a reporting company by end of 1st quarter '98. It was the EM-Sounder that sold me on NAE. The reason is that I had seen a show called Invention (I think, one of those Discovery shows anyhow) a few years ago. It covered a family gold mine that was going broke because they were not finding enough gold. Well the two sons had been to college and thought they could use radar to spot the gold in the ground. They got the equiptment together including a small (man-sized) radar emitter. They scanned all the wall serfaces and from the scans found hot spots they identified as being potential gold deposits. They dug and what they found was gold. It turned their enterprise around. After seeing that it was not so hard to believe that someone had figured out how to go much deeper with better resolution. So I bought the stock and hoped for the best based on the idea alone. No real DD at all other than reading their Web Site and the IMMM thread. That was all there was to look into. Was that smart? Probobly not but here I am. I might do it again if I really believed the companies story. That has been what has made several here very upset with me on the thread including you. I believe the companies story and that has been how I post here. I think that the changes to the OTC:BB will be good for us all because we will have filings on a lot of cheap companies to play with and we can just ignore the pink sheets. I will be very reluctant in the future to buy a non-reporting company again. It will have to be a situation like NAE where the story of the company is so compelling ie. EM-Sounder. Was I telling you what to do? I suggest you be careful who you listen to. cya, Bob

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