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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: knight who wrote (9134)2/16/1998 9:44:00 AM
From: Tom Frederick  Read Replies (1) of 20681
 
Re: Elec. Trading - I think this is chicken and egg stuff.
(For those who don't usually have enough time to read my posts, here is a relatively short one!)

It is not prudent to expose this stock to a much larger more volatile market without quite a bit more information on the table to help to ease the dips and support the rise in price. Right now, at this point in time, for MOST brokers, the big story on Naxos would still be the Alberta issues left open.

I also believe that Naxos would love to be on the big board but not until they have the support of much more of the market.

Naxos could make a pitch any time to get traded on any electronic board, but right now they would have to make a case that would offset the open Alberta issues. And that case would best be made with great numbers and a "name" backing them with a large checkbook. Credibility, credibility, credibility. Especially because the numbers Naxos has been showing are so far outside the norm, it will take that much more clear proof and trust of a recognizable institution to be taken seriously by the market as a whole (ie. electronic exposure)

It's kind of like this...would you want to run out on the football field to play the Superbowl with untied shoes, no pads and your helmet in your hand? Enthusiasm to play is not enough. It's much more prudent to be as prepared as possible before you stand in front of the world to play your best game.

Just my opinion.

Tom F.
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