Hello everyone,
I took a breather from the Naxos thread. It was much needed . Besides, I've been tinkering in the S & P futures market; it is almost as exciting as Naxos' mood swings.
I see business is as usual here from the few posts I've read. Regarding the release of numbers to date, BD holes 2 and 3 were really bad. I expected them to have better results given their proximity to the tight grid area (and hole 5). The results from the new holes, however, were very encouraging. That bodes well for Naxos' future (IMHO of course).
What's going on with the management issue??? I certainly hope we can get a permanent (and new) CEO picked soon. Also, as I previously expressed, this company should be headquartered here in the U.S. I certainly believe we need to revamp the current board. This company will not get too far with the same folks who got us in trouble with the ASE and ASC. Sure, we have had some good moves (and I believe the addition of CPM is a good move; I hate low priced PP's, but the last one may have been feasible given the need to keep the company on good financial ground; yet, look how much we could have gotten had we waited for the numbers before the PP).
Anyhow, hope things improve. The management issue is important but what can really kill the company is if we cannot establish it has sufficient gold that is economically extractable (again, the results from the new holes are very encouraging).
Happy Father's Day.
sh
PS: If my understanding of the situation is correct, it was absurd that Naxos had to lend money to an officer in order to keep him from selling shares on the open market in order to exercise dirt cheap warrants (the continuation of the problem of low priced stock offerings by the company). |
