Larry,
You write "My question to you is how do you DD a black box? You or anyone else posting on
this thread (and quite possibly Dr. Johnon himself) has no idea whether Naxos will
ultimately be successful in achieving economic recovery."
And indeed that is correct. If I knew that answer, I would either be mortgaging my house, my parent's house, and any other house I could get my hands on, or I would be moving to powerless Quebec and shorting the hell out of the stock. Obviously, I don't know if the J-L Process will work for sure or will be economical (although at this point it is looking very good to me). Hence, I have only put up risk capital, money that if lost will not change my life at all. And if you go back ten months or so of posts, you will see that many of us on this thread have, on many occassions, stressed that this stock is as volatile and as speculative as they come; that any money invested in Naxos may be lost. We have always urged people to do their DD, to understand what they are getting themselves into. When one buys Naxos, or any desert dirt for that matter, they are buying something that is probably as different a stock as they have ever purchased.
If Naxos fails, so be it. I have done my DD, and I will accept that as one of the possibilities when I first invested in Naxos (and each time I invested some more). I will be upset over the numerous people who bought Naxos on my recommendation however (although I most definately warned them of the volatile and speculative nature of this stock).
If Naxos is successful, however, my life will change. As Mr. Pearson said when congratulating me on my new daughter "you've done more than bring a
daughter into this world; your partnership has produced an heiress to a
fortune!"
I only hope his words turn out to be prophetic (and I am liking my chances of that happening quite alot right now).
Ken Rosenfeld |
