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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: soxan who wrote (16548)10/7/1998 9:51:00 AM
From: mark silvers  Read Replies (1) of 20681
 
Soxan,

I tend to agree. However it rumor has it that there is too much opposition for this plan to go through. The problem is that if it doesnt go through, Naxos stands a decent chance of bankruptcy due to its inability to raise capital, IMO.

From my limited perspective, it appears that there are too many individuals who sold naxos on a "story" of multiple OPTs, and now are applying pressure for naxos to go back to the story and pump and dump phase of its history, so that they dont look as bad to people they represent. At least that is the rumor that I am hearing.

The good news is that if they get their way, there will be enough stories and B.S., that naxos shares will get a little run out of it.

Mark
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