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

To: Jerry in Omaha who wrote (8238)	1/18/1998 6:23:00 AM
From: Jerry in Omaha	Read Replies (5) \| Respond to of 20681

To All; Wondering why, all of a sudden, our stalwart band of long time Naxonians seemed to be attracting stragglers, I wandered over to the IPM thread to check things out. Now I know why so many IPMers have been showing up here with tales of caution and woe! The apostles Silvers and Volquardsen have journeyed to IPMland with tales and promises of gold and treasure over here in Naxos territory. Well I'd just like to say thank you so very much for sharing, you guys, I'm sure it must have been a terrible experience. But enough already! We're not a bunch of pink faced recruits over here and we don't really need to hear your war stories; we have enough of our own. Here's a story that's a little of both. (So that there is no misunderstanding; I am a single stock investor and have done deeper due dilligence on this company than anyone posting on this thread with the possible exception of The Great White Hunter, the guy who brought down Walter, er, I mean Hungry Lion. Bearing that in mind here's what happened to a friend of mine.) Naxos is big in my hometown, for a couple of reasons at least, and like Mr. Silvers and Volquardsen I am an apostle preaching Naxos to all who will listen. One who listened is a friend of my brother's who got very interested in what I thought was the Naxos story. Well, this guy's a real go getter and he dug deep into the whole story of gold in the desert. He did due dilligence up the ying-yang and never phoned me once during the whole time. I thought everything was OK. Now, I've known this guy for many years and believed he had taken a good position in Naxos, since I thought he trusted me and after checking my story out got in right away. But, nooooo. He went and bought IPM instead! When he told me this I went ballistic on him. "How could you?" I demanded. "Well," he said in his cool nonchalant manner, "they looked a lot better than Naxos." He bought the sizzle and not the steak. After losing many thousands of dollars with IPM, a company I warned him about before he started, he now is secure here in Naxos and I'm not yelling at him anymore. IPM presented itself, and successfully, as the gleam-shine DD prospect. Naxos was/is festooned with red flags. That's what a seriously motivated investor would have determined upon the application of extensive due dilligence. My assumption was that this would be the outcome of any serious person's investigation; buy IPM, scorn Naxos. The only valid comparisons between Naxos and IPM are inverse ones; what they were, we aren't and vice versa. To the IPM cross posters: try to join with the spirit you find here and don't overburden with woeful tales; believe me we've been there too. We have no doubt here that our story will work out differently than yours has. If you throw cold water here you're likely to get icicles thrown back in return. The appropriate place for IPM polemic is on the IPM thread. I still have a story about wolves to tell; it will wait. Jerard P