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

0.0%

Mar 7 3:00 PM EST

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To: Y-fall who wrote (2952)	3/16/1998 10:31:00 PM
From: Sidney Reilly	Read Replies (1) of 4736

Hi Paul, A friendly voice on this thread!! I can't believe it. I am disappointed also with the drop back to .10, of course. My opinion is that the campaign against NAE which has been waged here and on AOL has caused a wait and see attitude to set in. The weapon of fear has been used to chase away investors who will naturally choose to find something that "sounds" more safe. If we go back on the thread when we were moving up in price the gremlins were having no affect because the Nebraska wells were going to provide income to the company. Then the gremlins set to work to discredit the Nebraska wells and the validity of the reserves and the Gruy estimates and even attempted to discredit the Geophysic estimates. This attack was spearheaded by supposed investors. The weapon of fear was effective IMO. It's my opinion that there is an organized conspiracy to keep NAMX down and we don't know who or how many are involved. In the TA I have seen in this drop that the money flow rate has gone very negative while at the same time the volume accumulation showed heavy selling pressure. In the past year two other times the volume accumulation showed equal selling pressure without showing a drop in money flow such as we have just seen. I don't know what this could mean but it seems possible it is a sign of the manipulation. Shorts covering after the stock dropped from .22 to .10 and taking the money somehow, I don't know how it would work. It is illegal to short a penny stock in the US but not in Canada. One of the defendants in the manipulation law suit is a canadian resident. I don't know if there is a connection there but it is curious. It's just all very curious and as a legitimate investor I am concerned. I think now we will have to wait for #1, confirmed flow rates and income projections from the Nebraska wells, #2 the Gruy engineering report being released and reserve estimates confirmed. And when more wells are started in Nebraska that will add to the excitement. If that doesn't happen we will sell for whatever we can get! <ggg> How's that for encouragement! I think it will work out but if you take that to the bank they will want money instead. Have a good one, Bob

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