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


To: mark silvers who wrote (11201)3/28/1998 6:14:00 PM
From: sh  Read Replies (2) | Respond to of 20681
 
Mark, you seem to find great fault with Fred but none with the others in Naxos (which I've already made clear is completely unsupported). I wish someone would answer SK's questions. How is it this great new interim leadership that appears to be led by someone who did have a conflict of interest not deal with matters properly before? I don't care if lawyers serve on other boards and also have their firms do work for their company. Such work is supposed to be aboveboard and competent. To lead the company to the quagmire that it is currently in, which is based on what appears to be improper handling of its legal affairs, is inexcusable. That is no fault of Fred, it is the fault of the legal advisors. Was it the conflict of interest? Time will tell and those who led the company improperly will be held accountable.

It seems we're all getting testy. However, we have major investments in this company and we have a right to expect it to be run properly.

sh



To: mark silvers who wrote (11201)3/28/1998 10:41:00 PM
From: ShoppinTheNet  Read Replies (2) | Respond to of 20681
 
Yin Yang States "unlike other BOD=founders flips)-" Please expound on this for me.

Mark Silvers states the following:

"There is a very large fundamental difference between the dealings of Mr. Kemp and Mr. Walters. As Knight previously mentioned, it is not at all uncommon for Jr. mining co's (or any small company for that matter)
to have it's lawyer on the board. That is something that is totally above board and "in the light of day" so to speak" I do not agree! I do agree with Knight that having the legal council on the board is standard practice in many corporations. But not running the day today operations.

Mark you are critical of Fred for not coming to a "Resolution of differences with Canadian authorities" How can you give Sid a do over on this point but not Fred? He is the legal council, if he had done the job right, Fred would not have had to be brought in the first place.