Naxos Resources (NAXOF) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry Macklin who wrote (16439)	10/1/1998 1:49:00 PM
From: Paul Salber	Read Replies (3) of 20681

Larry, First off. I already own Frankiln Lake and I put money into the private placement for Franklin Lake. Also, the options I have are now not for FL and if I wish to take advantage of them, I need to wait a year to sell them. The options I hold are now in SIDCO and not the company I originally invested in The spin off should be the new (conventional) operation and not what was. the problem is that since Sid tried to SFA Franklin Lake (using a technique that was known not to work on this ore for years) and failed, he has given up on it. I don't know how the board has gone along with this when they are so close to results of the latest J/L COC work just negotiated by Summers. Naxos is too thinly traded for any support in price if volume selling occurs. The resulting price will not allow a sufficient trade-off to be made. So now, I own a portion of ~ 30 million shares which I can sell for say $.40 and turn around and buy half of the total number of shares I already hold (.40/.75) in a company that has 20 million shares... that's a net loss to me of ~ 25% of my current holdings. This is not an even trade. Well, the wool is being pulled over someone's eyes here ... the question is.... WHY ? Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next