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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: MIKE MORGAN who wrote (15924)8/30/1998 11:19:00 PM
From: jlallen  Read Replies (1) of 20681
 
Mike: If you think I've only lately been asking these types of questions then you have not been paying close attention. I briefly gave the "new" management limited support when they first came aboard, however we parted company some time ago. I was NEVER an advocate for JJ's style either. This situation is first and foremost an issue of management ability (or should we lack of such ability) and credibility, some would say "ethics". We are all responsible for our own investment decisions. I don't blame Mark Silvers or Henry V., Tom F., Neal Davidson, Larry Macklin or any of the others for our common mistake. I don't doubt that their intentions were NOT in any way "evilly" motivated. Given the very nature of this forum, anyone who increased their position in the company based upon the anonymous comments of persons they have never seen can be expected to get what they deserve (with apologies to City if necessary.) Its human nature to look for scapegoats in such situations. I see it all the time in my business. I won't. I made the money. I invested it. I lost it. No third parties are responsible but me and the cheesy management of Naxos. JLA
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