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

To: ShoppinTheNet who wrote (8223)	1/16/1998 7:54:00 PM
From: Doug Meetmer	Respond to of 20681

Doug you state "<< I guess the MMs were expecting a lot of insiders to unload today" Give it up !!! Why would all of these insiders holding options with a strike price of $3 or $4 fight like dogs for years to prove this, put their families financial security at stake, and then right when the have the whole thing proven rush to the the phone to call their brokers to sell at $5 1/2. Wow it ain't going to happen baby! ---------------------------------------------------------- No, you've got it all wrong. I am not saying the insiders are going to be selling at $ 5 1/2. I am saying I have no way of disproving that the insiders weren't selling at $8.5 causing the price to fall to $5 1/2. That is why I wrote to the SEC. By the way, If you really believe that "they have the whole thing proven" you should reevaluate your understanding of this investment. Its a giant leap to go from a sign-off on assays to a working production model , and obviously I am not the only one who understands that, since the stock is flying like a torn kite. I may be the only long who will admit it publicly, however. Have a good weekend, S.K., and get a grip-hopefully this will be a good thing that we are in but none of us really knows that for sure. I certainly wouldn't bet the farm on it, just the servants quarters.

To: ShoppinTheNet who wrote (8223)	1/16/1998 9:15:00 PM
From: jas singh MD	Read Replies (2) \| Respond to of 20681

Good evening SK, <<I guess the MMs wee expecting a lot of insiders to unload today>> I actually made that statement because it was the only reason that I could think of this morning to justify a spread of $1 on a 6 dollar stock. Doug is simply playing the Devils advocate and I for one sincerely appreciate his questions/issues. Sincerely, Jas