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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (16547)	10/7/1998 9:38:00 AM
From: soxan	Read Replies (2) of 20681

To Henry and JLA, It appears to me that the split up of Naxos may not be such a bad idea given the fact that FL uses up lot's of capital to keep going with the research. I'm told that money for FL is now harder to come by for the parent co. and very hard to raise at this point. By splitting the co. and in effect having a new issue sold for the sole purpose of raising money for FL, I think we all will prosper if FL is proved out. Remember the sale of the new co. is to the shareholders. If the new co. does well then the parent co. goes higher also. Am I missing something? This to me seems logical soxan

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