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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Neal davidson who wrote (18404)	4/5/1999 1:12:00 PM
From: Henry Volquardsen	Read Replies (1) of 20681

Neal, I have a question for you as a lawyer. Karl posted on at least one occasion over the last two weeks that there would be big news last Friday. This morning he posts that he forgot Friday was a market holiday and implied the news would be today. Then we get the MGAU press release. Now despite the fact that I believe that pr is worthless without verification it is material information. Do you think someone related to MGAU might be slipping Karl material information before it is made public? Do you think the SEC would be interested in this inside info? Do you think Karl's position would be better or worse if his trading records show he purchased MGAU stock since he first got this info? And finally, do you ahve a phone number for the enforcement dept of the SEC? Henry

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