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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (16752)	10/21/1998 9:42:00 AM
From: BGM	Read Replies (1) of 20681

Henry: I have always respected your posts as direct and well thought out. I am unclear as to where you stand / stood on the proposal to sell FL interests to finance CPM and other ventures. Would you have invested in the CPM ventures if they were a stand alone company with all other things the same? Do you feel is is proper to hold the expectations of an already invested (smart or not) group to the fire to pay for a new direction, or do you feel that interest should be financed on its own? Do you think there are no existing investors willing to put more money into FL and its research if this money is properly and efficiently directed? TIA Brad Mertz

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