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

To: alchemy who wrote (2209)	1/20/1998 3:36:00 PM
From: Hunter Vann	Read Replies (1) \| Respond to of 4736

Marty, on a VERY serious note, can you please try and clarify something.... To: Zeev Hed (1939 ) From: martin linskey Tuesday, Dec 23 1997 7:48AM EST Reply # of 2223 Hello Zeev: Happy Holidays Back At You. The company has stated in a release that they will be a reporting company some time in the first quarter. Then we will know how much Patroclos, Dr. Stamm, Tridon and all own. Until then, we are just speculating. At least the company has made a written comittment to report. That is major in my eyes. Deloitte-Touche is auditing them. Despite the slant of this thread, NAMX is looking better than ever. IMO, the current price is a laugher. Consider these factors: -Nine producing wells in a field that is estimated to produce 32bcf -Cash for future exploration -Confirmed gas gathering agreement with KNE -New president who knows her way around the oil patch -Potential agreements with other US companies -And they are making a move into the global arena Do thine diligence, love thy neighbor, and have a great holiday. Marty, da bull You say in the above statement that Deloitte & Touche is going to be the auditing firm for NAMX in '98. I was REALLY quite impressed by this so I did a little digging. I contacted Deloitte & Touche to try and verify this information. I was assuming that Deloitte & Touche probably had a central registry of their auditing clients. A young woman at Deloitte & Touche was nice enough to help me out. She checked the S/A listing and found nothing on NAMX. She said as far as she could tell, NAMX was not a client. However, I noticed in the press release by NAMX on September 11th, they stated, "NAMX has engaged Deloitte & Touche LLP for professional services in the conduct of its operations." VERY tricky wording here. You can assume(as I think you have) that Deloitte & Touche would be auditing NAMX in the new year. But, the press release DOES NOT actually say this. Deloitte & Touche perform a number of services; Business Process Reengineering, convergence consulting, economic analysis, financial information systems, international capabilities, new technology consulting, regulatory consulting, strategy consulting, thought leadership, value-added solutions, wireless consulting, & accounting & auditing. It appears that NAMX is not listed as one of their accounting & auditing clients. But, as you can see, the NAMX press release is not actually a lie. They NEVER say that they are being audited by Deloitte & Touche. They simply say they've "engaged DT to perform professional services." And, as you can see from the list above, this might imply numerous things. So, basically my question is this, did someone tell you that DT would be the auditing firm? They don't seem to have NAMX listed as a client. Who is the auditing firm?