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

To: MarcG who wrote (1831)	12/18/1997 12:24:00 AM
From: Ngo, Elizabeth	Read Replies (1) \| Respond to of 4736

Dear Marc: There are a few deals that are very close to being sign. Especially the UPR deal which will make us all very please.

To: MarcG who wrote (1831)	12/18/1997 12:30:00 AM
From: alan w	Read Replies (1) \| Respond to of 4736

To all, In case you are interested: law.uc.edu Just Section 12 is a 9 page section. 12g summary: Every issuer engaged in interstate commerce or in business affecting interstate commerce or whose securities are traded by use of the mails or any means or instrumentality of interstate commerce shall; A. within 120 days after the last day of its fiscal year ended after the effective date of this subsection where issuer has assets >1 million and a class of equity security (other than exempted) held of record by 750 or more persons; and within 120 days after the last day of its first fiscal year ended after 2 years from the effective date of this subsection on which the issuer has total assets > 1 million and a class of equity security (other than exempted) held of record by 500 or more persons but less than 750 persons; Register such security by filing with the Commission a registration statement blah blah blah as required by Commission pursuant to SUBSECTION B of this section Subsection B summary: A security may be registered on a national securities exchange by the issuer blah blah blah which application shall contain: a. the organization, financial structure and nature of the business, b. the terms, position, rights and privileges of the different classes of securities outstanding; c. the terms on which their securities are to be, and during the preceding 3 yrs. have been, offered to the public or otherwise; d. the directors, officers, and underwriters, and each security holder of record holding more that 10 per centum of any class of any equity security of the issuer (other than exempted security), their remuneration and their interests in the securities of and their material contracts with, the issuer and any person directly or indirectly controlling or controlled by, or under indirect common control with, the issuer; e. remuneration to others than directors and officers exceeding 20,000 per annum; f. bonus and profit sharing arrangements g. management and service contracts; h. options existing or to be created in respect of their securities; i. material contracts, not made in the ordinary course of business blah blah blah j. balance sheets for not more than the 3 preceeding fiscal yrs, certified if required by the rules and regs of the commission by independent public accountants; k. profit and loss statements for not more than the 3 preceeding fiscal yrs, certified if required by the rules of Commission by independent public accountants; l. any further financial statements which the commission may deem necessary or appropriate for the protection of investors. There is more, but I am tired of typing and it is past my bedtime. The url should work if anyone wants to see the document. I am no expert, but it looks pretty good as far as NAMX becoming a reporting company. A definite step in the right direction. Hope this helps. alan w ps, I did not proofread this, so please forgive any typos.