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

To: Zeev Hed who wrote (3103)	3/29/1998 2:31:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

Zeev, Yes, the #'s I put out are "gross valuations" without those costs figured in as we don't know what they are. We need a net tangible asset figure but we can't work one out right now. I used $2/thou cf but actually the price a few months ago was around 2.30/thou cf. I used 100MM shares instead of the 62MM we have been told. And net tangible asset value is different than actual revenue figures. Revenue is not even mentioned in my valuation although the revenue should start very soon. As far as the bashers affecting the stock price, I am thoroughly convinced on that score. I watched the last rally falter at the critical break out point from a cup & handle formation. A cup & handle formation is a very bullish formation. IMO the bashers knew exactly the critical moment and that was when they unleashed a full broadside against NAMX. They did stop the break out as they severely damaged positive investor sentiment. Your assertions to the contrary are either naive or disingenuous. Good luck to you to, Bob PS How's your new business going?