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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (14665)7/24/1998 8:29:00 AM
From: mark silvers  Read Replies (1) of 20681
 
SH
I am sorry, but I find your post one sided.
I will show you why, but first let me say that I am the person Henry spoke to, that had talked to Fred. Let me say unequivocally, that Fred told me that he didnt want to pursue conventional mining, and would fire John Norton at the first chance.

<< Sid either did not agree (which was obviously a major legal blunder) or, if he did, was too weak to stand up to those who did not.>>

Sid was the lawyer, all he can do is dispense advice. At that time Fred and JJ were in charge. They were the only ones that could make a final determination on the ASC/ASE. Any blame falls to them.

<< The comparison here is not between Fred and JJ, but Fred and Sid (JJ received a lot of his shares for free or cheap while Fred even recently, before Thursday's release, bought over a hundred thousand shares on the market).>>

You make it sound like Fred has more at risk than JJ. That is crazy.
Whatever you may think of JJ, this is his company, started by him and his risk capital. He has put everything he owns into this. to make it sound like Fred has more at risk is insane.

<<Regarding Allen & Co., please direct us to any release that said Fred was coming on board to facilitate their investment in the company. I always thought his major job was to settle the ASE problems, which he did and that allowed us to trade in the U.S.>>

First you say the ASE/ASC problem was handled incorectly and was Sid's fault, now you are saying that all positive credit goes to Fred? Fred told many people that Allen only spoke to him, and that he was responsible for getting the deal done.

<<Regarding Ledoux, I too hear Fred has a very good relationship with them. I don't know who is telling you otherwise. I guess we'll find out in the not too distant future.>>

When Fred was in charge and we were having problems with ledoux in terms of testing J/L stuff, all we heard was how rotten and evil Ledoux was. If he had that great of a relationship, why couldnt he control them any better?

<<Regarding Norton, I'm not sure how qualified he is in the mining industry.>>

I believe his resume was published in a news release.

Mark

BTW, this is not a personal attack on you or Fred. these are just the facts as I know them.
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