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

To: Henry Volquardsen who wrote (7559)	12/20/1997 1:27:00 PM
From: knight	Read Replies (3) \| Respond to of 20681

Henry and all: I think all you longs got the shaft considering this latest financing. Consider the following: a) Post release trading range about $9-10 bucks. Decision had already been made to order the pilot plant, but it is obvious at this point that the cash was not there. b) Release comes out, great numbers, what does the stock do? Stock tanks, various reasons are discussed on the thread as to why, eg; POG stinks, Ledoux fails to certify, poor promotion, Asian flu, etc. c) PP is revealed at $6.00 bucks to finance purchase of pilot plant. I put this to you guys: Stock price was allowed to fall to the current level to facilitate the PP. Wouldn't look too good to have the stock trading at $10 plus and do the PP at $6.00. knight