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The Truth
melios1000
May 14 1998
10:54PM EDT
NAMX is for real. There are three individuals on the AOL board who called this a
scam. Two of them are long time bashers, one is new to the game. Forget the
bashing, here are the facts and some rumors that make for interesting reading:
1. Marty Linsky ie: radarluvr, was our biggest source of good info..I understand that
he his now working for NAMX, hence, he does not and probably can not post on
these boards anymore...we all miss him.
2. Nine wells are now hooked up in Nebraska with KNE. Everybody here can stop
moaning and verify this yourself, by calling Mr. Jim Webber at KNE. I believe I
posted his # on a previous post.
3,. Like everybody else here, I too am disappointed with the secrecy and lack of
news coming from NAMX. However, do not jump to negative conclusions. From
the rumor mill:
a. NAMX will announce that they have secured funding for the 60 additional wells
and the UPR venture.
b. NAMX will announce within the next 3-4 weeks, shares issued and in the float.
Shares authorized is 144 M.
c. NAMX will issue news on the hook up of the additional 7 wells once metered
and verified..approx 3 weeks. Again, everybody here can verify this fact tomorrow
by calling KNE.
d. A new management team with credibility and experience will soon be taking
over NAMX.
e. The stock is still being manipulated by Ernst...FBI and SEC investigating.
Manipulation should stop near term. By the looks of the volume lately, it would
appear that an outside force IS having an affect on the stock...major drop-off in
volume.
Bottom Line...the stock is .05. With 9 wells in place and producing (FACT), it
seems to me that NAMX is a very good risk. Sure, it could fail like most penny
stocks, but we all knew this going in. I just believe that the potential of this stock far
outweighs the risks...especially at .05.
Long and Accumulating...Melios |
