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

To: knight who wrote (9134)	2/16/1998 9:23:00 AM
From: mark silvers	Respond to of 20681

Knight- Not to beat a dead horse, but I think it is far more beneficial for naxos to continue forward with the assaying and pilot plant than to push for a new exchange listing. You said that the current listing is amongst other things, a pain in the butt to get quotes, not indicative of an open market, not that effective against shorts,and way too beneficial for the market makers vs our own interests. While those are certaintly valid reasons, I just dont think they are as important as the goals that Naxos is currently trying to accomplish. Mark

To: knight who wrote (9134)	2/16/1998 9:44:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Re: Elec. Trading - I think this is chicken and egg stuff. (For those who don't usually have enough time to read my posts, here is a relatively short one!) It is not prudent to expose this stock to a much larger more volatile market without quite a bit more information on the table to help to ease the dips and support the rise in price. Right now, at this point in time, for MOST brokers, the big story on Naxos would still be the Alberta issues left open. I also believe that Naxos would love to be on the big board but not until they have the support of much more of the market. Naxos could make a pitch any time to get traded on any electronic board, but right now they would have to make a case that would offset the open Alberta issues. And that case would best be made with great numbers and a "name" backing them with a large checkbook. Credibility, credibility, credibility. Especially because the numbers Naxos has been showing are so far outside the norm, it will take that much more clear proof and trust of a recognizable institution to be taken seriously by the market as a whole (ie. electronic exposure) It's kind of like this...would you want to run out on the football field to play the Superbowl with untied shoes, no pads and your helmet in your hand? Enthusiasm to play is not enough. It's much more prudent to be as prepared as possible before you stand in front of the world to play your best game. Just my opinion. Tom F.