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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jas singh MD who wrote (8216)1/16/1998 6:33:00 PM
From: Doug Meetmer  Read Replies (1) of 20681
 
<< I guess the MMs were expecting a lot of insiders to unload today.>>

I wrote to the SEC requesting information about Naxos, listing
requirements for variuos exchanges, and reporting requirements.
We will soon find out just how bound the insiders are to obeying
the "voluntary" trading blackout.

I am not anticipating any big drops in price over the next few days,
but you can be sure that the next time we see a big rally on no news
we can assume that good news is forthcoming and as usual, we
are the last to find out.

Have a great weekend everyone.

DM
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