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

To: Eric Tai who wrote (7294)	12/15/1997 12:09:00 PM
From: Henry Volquardsen	Respond to of 20681

Eric, he might have been trying for "emotional berating room" but then again with Mark's typing skills he may have been going for "Four score and seven years ago..." :)

To: Eric Tai who wrote (7294)	12/15/1997 12:28:00 PM
From: Neal davidson	Read Replies (1) \| Respond to of 20681

To all those who are getting a bit antsy: If you read back hundreds, perhaps thousands of posts, you will see (or recall, if you have been here a while) that I was one of the primary skeptics here. I was the one who originally said that Mark had pom-poms. But now, while I am still nervous and skeptical, and while I still have ocassional fits of angst about the delays, I have come to terms with the risk involved, and, weighed against the potential reward, I am here to stay. One thing I realize is that the stock price IS NOT a barometer for the progress of Naxos. The stock can be down a point, while Ledoux is forging forward, gaining confidence in the complicated process. Would you prefer that the stock be at $12, but lab progress be at a stand-still? I would not. The methodology cannot be revealed; if you own this stock, you cannot possibly want the methodology revealed to anyone. When Microsoft is working on new software, the daily progress of the code is not released to shareholders, nor is the methodology. And we cannot expect daily results from Ledoux to be released. So if the stock is going down, or remaining stagnant, and we hear no news, of course we are nervous. But this does not spell doom. If you need the money for Christmas or Hanukkah, or you simply cannot handle the risk, and it is making you lose sleep (as I was during the period of time the stock was halted) then sell some or all of your postition. But if you understand what this company is (or could be) all about, and you are not betting your kids' college fund on it, why not stay with it? The info which has been released so far makes Naxos a better investment now than it was last month. Remember...while the stock is languishing, progress is being made in a far more important place: the lab. True wealth requires patience. If this is more than a trade for you, then now is not the time to sell. Of course, this is all merely my opinion. Neal