Mr. Jason,
In July, 1996, when Mr. Arkoosh first accepted Naxos' invitation to take
the reins he thought, and seriously, the job would take him three months
to accomplish, six at the most. He clearly intended this to be a short
term distraction from his real job and his real life. Alas! It was not to
be and he has served far longer than his worst nightmare scenario I'm sure.
This by no means maligns his ability to know and predict his own fate! Who
could have guessed the dramatic events we have witnessed in the last
eighteen months? Who could have forecast the height change in the credibility
bar to the point that the high jump event we trained for was switched to the
pole vault event, and set at a world record height to boot?
Mr. Allen makes a strong point about Naxos being a public company. This is
certainly true. It also is a company that is tightly held by a few large
share owners, including Mr. Arkoosh, keenly interested in protecting their
investment positions. And there's nothing wrong with that.
Mr. Frederick points out that we are operating like a R&D company where
information about the company's projects all too easily could be misinterpreted,
sometimes deliberately so, by persons whose interests may run counter to the
company's.
If the moral of the story I posted about John Sutter did not resonate with
everyone on the thread let me be more explicit. Sutter lost everything
bacause he was unable to prepare himself before information got out and
he was overwhelmed in the great California Gold Rush.
We all want to feel the rush ourselves, I'm sure, the thrill and exhilaration
riding a stock on a huge wave of frenzied speculation as everybody wises up and
just has to have a piece of our action. We may have to sacrifice that rush
for a while as we eliminate all possibility of suffering the same fate as
John Sutter.
I haven't spoken to anyone in the company for quite a while (although I do have
a phone call in to a company IR yet to be returned) and can't really comment with
any authority on what other contributors have posted recently. We are kind of
compelled to go where our CEO, Board of Directors and major stock holders want to
take us, like it or not. :-/
I say, "Frustrated expectations? Sure! But look how far we've come." Personally
I feel that we have a real momentum going and continue to bet that somehow
we will get the job of securing and confirming our position before the big rush.
I am on the record from last Fall in saying that it would be nice to hibernate
over the winter because the action won't really get going till spring. And I
took a little heat for it too! :-) I'm still standing by my prediction!
JMO
Jerard P |
