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

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Nov 14 9:30 AM EST

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To: bob who wrote (4155)	7/26/1998 2:38:00 PM
From: Sidney Reilly	Read Replies (3) of 4736

bob, A stock price is often much higher than can be justified by certain formulas. Look at internet stock flying far higher than is warranted by crunching numbers. The difference is enthusiasm for the company and product. NAMX was headed for higher ground not too long ago as it was breaking out from a cup & handle formation. That particular formation shows positive investor sentiment towards a stock and is searched for by chartists looking for a good play. There is no doubt that we were headed for higher ground. But just at that time certain devil's on this thread and elsewhere attacked viciously, scaring investors and changing the sentiment from being positive to being worried and the buying stopped. Now some may want to say that was good because look what has happened since. Well that is no justification. These actions against any company can and do damage it's ability to raise financing because it can raise doubt that something is wrong and chase away big $$$. It also damages the stock price so that 20 million shares have to issued to get the same money that 2 million shares could have secured. That is dilution caused by the need to issue shares for capital to grow. It hurts the companies ability to grow and at the same time keep the shares issued down to a more reasonable level and we have seen that with NAMX. Then the devil's get on the thread and scream dilution and they are right but they caused it themselves by their actions. We investor's have been screwed 3 ways to Sunday by these self appointed watch dogs, or should I say attack dogs. If NAMX had a higher stock price and could get better financing for the shares issued then where would they be now? More wells drilled and ability to move forward much more quickly instead of struggling to get leans released from the ones already drilled (which they did manage to do and keep us going). But the problems caused t by the thread devils have hurt the companies ability to move forward. Then add to that the shorting done by a hostile MM or two at the same time and a promising company has been crippled almost to extinction. And throw in a fired director or two with axes to grind, a few mistakes made by these directors and other company officials who may or may not still be with the company and the scenario is complete. This company should be dead already. The fact that it is not is a testimony that it has something good going for it. In spite of concerted efforts in many sectors to kill it there is still a company with revenue (by now IMO). Todays prices could be a bargain or just throwing money away, everyone will have to decide that for themselves. I am very upset with the current managements decision to be silent, this is no time to keep everything to themselves. But I guess I have to consider that every time something is released that is positive it is attacked viciously by the hostile attack dogs in the market place. That would not be a problem if whatever is released is proven beyond any reasonable doubt! cya, Bob

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