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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: RRG who wrote (14264)	7/15/1998 2:55:00 PM
From: ShoppinTheNet	Read Replies (1) of 20681

1. Sid remain as interim President. I my self do not find this acceptable. I do not feel comfortable with the new Naxos. Currently Naxos looks to me like it is disorganized, it is not shareholder friendly, and it lacks direction. What share value have they created so far? 2. Norton continue with the conventional research. Sounds good for two months but lets see some results. Or let's cut bait. 3. Fred negotiate with Johnson/Lett and answers to the Directors and not just Sid alone. So this is all we want Fred to do? Sign me up for all those options. 4. The Board of Directors, once voted in, form a three or four man committee with the specific mandate of finding a CEO/President from the mining industry. They could not accomplish this task as an advisory committee. What makes us think they can do this as board members? What have they accomplished other them getting themselves nominated for the board? 5. Possibly a current consultant of ours be hired to oversee the unconventional research (such as J/L). No, let's not spend money on this! Let them prove it to Ledoux!

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