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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Nov 7 9:30 AM EST
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To: Hunter Vann who wrote (4385)8/25/1998 5:18:00 PM
From: Sidney Reilly  Read Replies (1) of 4736
 
Congratulations Hunter. Perhaps you can finally put this sad saga behind you. I will also when I file my tax return for 1998 next year. I have gotten good at writing off losses, unfortunately. I don't particularly put any confidence in the press release today. If Paul paid for those shares he has to have proof. If he does he can just go to court and get his new stock cert, the company can't stop him. The real story is what they don't tell us, which is everything.

1. status of wells, ie. flow rates & revenue estimates, engineering reports on Ne fields
2. status of promised drilling program which is stalled
3. explain deal with Hoeffle Oil including continuous drilling clause, ie. do all wells in Ne revert to Hoeffle oil if NAMX defaults concerning continuous drilling? Does Hoeffle Oil get 40% to just maintain the wells? If so why are they so overpaid?
5. do any officers in NAMX have an undisclosed interest in Hoeffle Oil
4. status of UPR agreement, why has nothing happened in Colorado
5. what happened to financing they said they had in the bag in June 1st release (seems to me that things would be moving forward if they had this financing, so where is it)
6. progress towards previously promised goal of being a 12g reporting company
7. need I go on?

Bob

PS The bid has dropped again, not a good sign. I predict the ask will be .375 very soon instead of .50
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