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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (16456)	10/1/1998 9:45:00 PM
From: SER	Read Replies (1) of 20681

Larry, Sid is not doing us any favors. Sid has not invested any money into this company. He is on the wrong side of the balance sheet. After today's PR I am convinced that he is clue-less. If I were in charge of this company when the Ledoux _hit hit the fan, I would have been all over that company. The position Ledoux has put Naxos and its shareholders in by providing "false" numbers has gone unchallenged. NO ACCOUNTABILITY. Sid is the one who engaged us in the SFA drill program. He is the one who spent the money based on clams made by Ledoux. I invested in Naxos because of FL and increased my investment based on fraudulent Ledoux numbers. He has done nothing to protect my investment. Sid, the president of this company has been led and has led us by fraudulent clams made by Ledoux. The thing that gets me most upset is that he has taken no steps to hold them accountable for their fraudulent actions. And now he wants me to put up more money for something (FL) I already invested in. IT HAS COST ME MONEY! NOT SID!! NOT LEDOUX!!! Enough with the Bull _hit SER

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