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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (15927)8/31/1998 11:39:00 AM
From: Neal davidson  Read Replies (1) of 20681
 
John: Sid's letter, misspellings, grammatical gaffes, and all, was posted by Henry (#15896).

I hope that no one on this thread bought Naxos stock because of what I wrote on here (I have enough guilt as it is due to family members and friends losing their money). I have stated, on many occasions, that I bought this stock knowing that it could go to $100 or zero. I fear that I was right.

I have never meant to hype this stock. For most of the 2 1/2 years I have owned the stock, I have looked at it as a pure speculative play. After Ledoux began certifying results, I began seeing it as more of an investment. When Ledoux certified results from the 98 holes, I bought more, believing that my added money qualified as an investment rather than a speculation. I believe I was reasonable in relying on Ledoux. Of course, I still want to see the letters back and forth between Ledoux and Naxos. Sid, come on, already.


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