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

To: ShoppinTheNet who wrote (11191)	3/28/1998 2:30:00 PM
From: sh	Read Replies (1) \| Respond to of 20681

SK, I don't know much about our Board members. However, the seeming conflict of interest that you point out regarding our acting President is disturbing. Many of Naxos' previous woes involved legal problems (propriety of reporting assays and trades, etc.) One would think that this would have been sufficiently guarded against by the attorney on the Board, which apparently was not. Lots of questions need to be answered. However, just as important is for us to get a brand new Board and management in place so we can move the company forward. We have great potential and a new Board and management (preferrably people well-known in the mining and business world) should be located to take care of this company as soon as possible. sh

To: ShoppinTheNet who wrote (11191)	3/28/1998 2:52:00 PM
From: knight	Respond to of 20681

SK: It's not unusual for juniors to use the professional services of insiders (ie, lawyers, accountants ). Keep in mind that these guys usually don't receive salaries, so remuneration comes in other forms. I know the point you're making, but keep in mind that professional fees are usually regulated and the professional has to stand behind his dealings and is held accountable accordingly. On the other hand, when an insider uses confidential information to benefit from or influence a business transaction, he must be very careful. Mr Kemp's appointment is only temporary until a permanent replacement can be found according to a recent release. I doubt if we see any of the current BOD elected as CEO.