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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Kim W. Brasington who wrote (19964)	10/29/1999 12:05:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

To those who chuckled at my post just this week, From Kim's last post... "Naxos receives a record from the transfer agent of who have sold shares - the majority of volume on the sell side came from the Father Gregory camp. Henry, there is my "someone". Yes they didn't have to work very hard at it, but my point is made. Would anyone speculate about the motivations of someone who has been at odds with management for quite a while now, selling on the eve of the start of the drill program - the best and most reasonable opportunity for success in years? Tom F.

To: Kim W. Brasington who wrote (19964)	10/31/1999 8:44:00 AM
From: Max Haber	Respond to of 20681

Kim, it is not the "public records" that give people a cause for concern. It is the non-public dealings that are kept secret. I agree that the last options that were granted and made part of the public record were at 80 cents (CN). I believe that those options were the ones mentioned in the last annual report. Naxos share price was below 80 cents (CN) on April 30th when current management ( illegally in my view) took control of the company. About a year ago management saw fit to grant themselves a round of options, that was made public, 4-5 months before the annual meeting. Your representation, as official spokesman for Naxos, that management has not take any additional options since the ones granted at 80 cents (CN) is quite interesting. I do hope it stands the test of time. Or when can we expect a retraction? Max Happy Halloween

To: Kim W. Brasington who wrote (19964)	11/1/1999 7:55:00 AM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Kim, your post that says "Naxos receives a record from the transfer agent" needs a little clarification. Transfer journals, like the one Montreal Trust puts out to it's clients actually provide very little information on who is buying and selling. These transfer journals ONLY list individuals and corporate holders that sell shares they hold in certificate form or if they are selling a private placement and or restricted stock. Anyone who buys and sells through a brokerage firm and keeps their stock in their account would not be listed. Only the name of the brokerage firm would be listed in the transfer journal, not the individual. The majority of holders of Naxos I would imagine hold their stock in brokerage accounts. The days of having certificates mailed out is long gone. Do you have your shares in certificate form? Doubtful. Like your post says Naxos receives a record sold shares. Naxos does not know who is buying those shares. Neither does Montreal Trust. As is should be. The amount of restricted and certificate shares being sold, on a percentage basis, compared to the total shares traded each day I imaging would be very small. Personally I'm more interested in who has been buying for the last several months. Max