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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: BGM who wrote (16672)	10/14/1998 11:57:00 AM
From: RRG	Read Replies (1) of 20681

Brad--you said: Maybe it was the structure of the deal that was "lunatic", not the shareholders who opposed it. The idea could be fine under a different "deal". You may be right. If Naxos, as a unit, had decided to fund other directions and sought funds to do so, and still retain 100% ownership in FL (which happens to be why most of are here), I think it would have been more doable. But the perception to long-time stockholders was that FL was being sold down the drain. I know that "perception" and "facts' can differ. But let's face it, there was an emotional issue here. Maybe if it had been explained better, it could have worked. BobG

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