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

To: Henry Volquardsen who wrote (7150)	12/12/1997 11:53:00 AM
From: Jim	Read Replies (1) \| Respond to of 20681

Henry, On the Jan 6th date...it is my understanding from the prior press release that the first deadline (the 90 day one) is almost upon us. In light of Wednesday's release I asked IR if we could conclude that the $ 250,000 and 2 million shares would be given to Johnson/Lett as laid out in the release. I was told that the patents were still being evaluated and that an extension of 30 - 90(?) days could be granted. The reasoning being that the technology would have to be secure before the company would committ. Which makes sense. Why would you shell out that kind of money/stock for a technology that wasn't secured by MANY patents. Once the patents have been evaluated and deemed able to protect Naxos's interests in the technology then I think we could see the deal take that next giant step. Jim