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

To: Sidney Reilly who wrote (3113)	3/29/1998 6:03:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 4736

Bob, you have just twice implied I am disingenuous, let me tell you something, and I am making a major effort to contain my anger at your slander. You are the disingenuous one and report false data here on the thread, not only you are disingenuous but the company's management is disingenuous as well, here is a quote from a recent news release: *Proven and probable* Niobrara Chalk Formation natural gas reserves were estimated by H.J. Gruy & Associates, the company's independent reservoir engineers, at 60.97BCF of natural gas. Note *Proven and Probable* . Typically, you are lucky if the number for Proven is 25% of the total number for "Proven and Probable". Also typically, the industry will value Proven at 90% and Probable at 50%, but then this disingenuous company that refuses to tell squarely and on the record to its shareholders how many shares are outstanding, follows with the following statement: The value of the reserves from the Niobrara Chalk Formation was estimated at $140,840,070, using the Wall Street Journal, March NTMEX price of $2.31 per MMBTU. Which lumps "probable" and "proven" into one number and disingenuously lead you to believe that the field contains $140 MM worth of gas. In practice it could be less than $60 MM or so (and some of that belongs to others). How come they do not come up front and tell you how much is proven and how much is probable. They received the report so they must know, but no, I am disingenuous. I'll tell you why, to create the impression that they have assets twice or more as large as they really have. Furthermore, how come they do not tell you, the shareholders, how much of this future gas is theirs and how much belongs to others (people financing the drilling, the owners of the place from which they lease the land etc.) Bob, you are the disingenuous person here for accepting and repeating those misstatements of assets. Mind you, you are dealing with clever people since they have not lied, they just wrote a piece of news release full of white lies. If they have the data on the ratio of proven and probable why are they silent on these? If they do not have these data, then this news release is nothing but unadulterated hype. Actually, this release is misleading and I might send a copy of this release to the SEC. They will end up like RMIL and GRNO, halted for promulgating misleading information. Just do not thread on me. I rarely get upset, but you got me upset this time. You have no reasons to impute my character, just because my assessment of this circus differ from yours. This time you got me very upset and thus this very strongly worded message. Open your eyes and stop leading a bunch of newbies to the financial slaughter with this house of cards. This company has still to put out a single ingenuous news release. They always paint rosy pictures of what in practice is hollowness. Bob, I am quite ingenuous and not in particular need of getting your prior authorization to post here or anywhere else hypsters are floating in cyberspace promoting junk. Zeev PS: what is an MMBTU by the way and how do you get from an MCF to an MMBTU?

To: Sidney Reilly who wrote (3113)	3/29/1998 7:50:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

Zeev, Here we go again. This is such a familiar scenario. Someone is always coming on the thread and attacking me because I haven't let the bashers run me off. I have answered your points but you have ignored every good point I have made. That is what I am referring to. We are not having a fair and even exchange here but a lopsided affair. I have not slandered you, just pointing out how you have dealt with my posts to you. You have even dodged my question about why you are here again and and who invited you this time. It seems obvious to me someone asked you here and with the understanding you are not a beacon of hope for NAMX. But that is just my opinion and I'm entitled to it. As usual the facts and fictions about the company are not proven and cannot be but we should just take your word for it when you tell us how deceitful the company is, right? You know all. If I believe them until I see real evidence to the contrary that's my business. If I post what I believe is true that's my business. For you to say I am leading unsuspecting investors to the slaughter proves your attitude that you think the company is a bad investment and your intention all along was to discourage investors from buying, proving my statement about you. Coming here with a guise of objectivity while all the while intending to disparage the company with innuendo. Slander? What a joke, you are unmasked. I have laced my posts with warnings about doing your own DD before you invest in this company. Your charge that I'm a pied piper rings hollow. I am still just a hopeful investor who disagrees publicly with a concerted, organized attack against this company. I am an investor that says this: Don't just say it, prove it! Look at the track record of the bashers after 9 months. Not one negative statement proven!! That's pretty bad. Whatever has been said turned out to be not true all together or the jury is still out. I will not follow the bashers over a cliff. I will make or lose money and keep my own council until some facts can be brought to the table.