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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: cAPSLOCK who wrote (1718)	12/12/1997 5:03:00 AM
From: alchemy	Respond to of 4736

Hello Caps and all: Very Interesting Comments from Dr. Engo. They were posted on the AOL thread. <<-Please remember that this is still tax selling month & alot of people are very nervous regarding the Business Week article on chopstocks, and the announcement to delist many companies from NASDAQ Bulletin board. I advised people to review these following facts before selling, or they can sell and others will buy it back from them right away. 1. Three more wells has been discovered with three times the amount of gas than expected. Still 100 percent accurate from NAMX EM sounder. Quite amazing ! 2. The next three wells are being drilled in freezing cold weather as we speak. 3. When all six wells data come in (hopefully before X-mas) news will be released. 4. In the European trip, management met with a Bank of America head guy in Europe, Asia, the Middle east to discuss Em Sounder usage in Europe,Morrocco, China, Morrocco.... the technology is going Global. Management reassured that there are already projects lined up for the next five years. 5. For those who are worrying about this being a non-reporting company: Namx accounting is being handle by Deloiitte & Touche. They have over $100 millions in asset, management own 2/3, they will be a 12G full reporting company sometimes in January. The conservative figure for 1998 based solely on the 23 wells in Nebraska is $30 millions. That is not including any other deals. 6. They are a technology company. So far they have been 100 percent accurate. The more their technology works, the more leverage they have to deal with the large companies. 7. Management met with one of the most powerful member of the House of Representative in the Phillipine, Mr. Rocky Alvalon, who is interested in using Em Sounder for his country's oil and Gas exploration. 8. Management belief is that their technology is much more accurate and faster than Seimic 3D of Seitel. Remember Seitel stock was only .75 eight years ago, now it is only $51 3/4 at its high this year. If you are worry about short term fluctuations, you should not be investing in NAMX and complain and post unfound facts on this board. I do agree that there is a lot of fraud and scam, especially on AOL & SI boards. But my belief, along with those who have done extensive researches in this company, have paved the way for future investors. The technology is real. We checked with Kn Energy and confirm that the contract is real. Everythings they announced or told, has been checked out by individual investors on this board. We found a real gem with a potential Microsoft growth, lets be patience and be rewarded. >>