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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (16444)10/1/1998 2:56:00 PM
From: kenneth w. calligar  Read Replies (1) of 20681
 
All: It's been many moons and many lost Naxos dollars since my last posts. My last thoughts when I left the thread were that Sid Kemp, Russ Smith et al were guilty of securities fraud and should be sued/prosecuted. This latest news proves that things haven't changed.
That Naxos did a private placement just before pulling the plug on its representations is in itself criminal. That they now propose to sell the assets of the company to others is theft. We (all shareholders) already own these assets. At the very least a proposal like this would need a shareholder vote-- and not another shame vote like Sid ran at the annual meeting.

If anyone has any knowledge as to how to pursue legal remedies or approach the NASD regarding fraud, I would appreciate the help.

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