SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Henry Volquardsen who wrote (15176)8/3/1998 7:30:00 PM
From: jlallen  Read Replies (2) of 20681
 
Henry: I agree with most of your post. A couple of clarifications.

First, I absolutely agree that the Company had the obligation to release the information which precipitated the recent slide. I just wish it was not leaked as it appears from the trading preceding the announcement. I also feel that limiting the release to the lame statement Ledoux allegedly provided the Company was either gross incompetence or near criminal stupidity. These facts are further compounded IMO by the fact we still don't have answers and none seem to be in sight.

Second, I do feel management misfired due to self interest, etc. I don't think that Sid in particular was particularly motivated to find a new CEO which no one can argue is not something I argued (ad nauseum to quote Silvers) should be right up on top of the list. Maybe we could have enlisted the aid of Allen & Co. Maybe there are other options I'm not aware of. IMO, facts are we blew the best chance we had. The board was and remains a secondary issue with me (other than the need to remove JJ). Professional, operational management is what we needed then and even more now. Of course now the Company is "radioactive" as far as anyone with a brain or decent reputation is concerned. Truly a shame. And its not just the CEO thing either. Its missed opportunity to get some good press, inexperienced IR people and a host of other issues which we all seem to see and comment upon but which never seem to change. Why is that? IMO Naxos is a club and we merely mortal shareholders haven't been invited to the party. JLA
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News