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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (18622)	4/22/1999 7:38:00 AM
From: Max Haber	Read Replies (3) of 20681

I also would Father Gregory and his group have equal time at the annual meeting. With a 41 cent bid, this shareholder is looking for some concrete changes. Whatever plan that is in place now does not appear to be working. Two more weeks---two more weeks--two more weeks. In the annual report I recently received all I saw was excuses and the blame shifted to someone else. Management needs to be responsible. I think Naxos management should look to all area for ideas. Father Gregory was once appointed to the group of advisors by the current board. Only lasted a short while due to personality difficulties with other members. My point is he must have credibility or they would not have made him part of his group from the start. Naxos management, through the courts in Canada, got an injunction to stop the April 15th meeting. I WILL BE FURIOUS IF NAXOS MANAGEMENT BLOCKS THIS SHAREHOLDER GROUP WITH SOME IRRELEVANT LEGAL TECHNICALITY. LET THE SHAREHOLERS HEAR BOTH SIDES. THE COMPANY BELONGS TO THE SHAREHOLDERS. Today I see MGUA has sold some gold they recovered from their pilot plant. Congratulations. Hopefully this will start to bring some interest into the desert gold stocks. Max Haber

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