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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 (3121)	3/29/1998 11:21:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 4736

Bob, I do not have NAMX bookmarked, so if you are addressing a post to me, I will not know of it unless it is addressed to me. Now to the specifics. Who asked me to come back? No one, I monitor this thread on a weekly or biweekly basis, if and when I have time. NAMX is still on my weekly screen so I see the gyrations there as well. Is there a problem with that? Do I have to have an invitation to come here and state the objective case? Now as to slander, the term disingenuous, means that I have nefarious and sinister personal objectives,. You know this not to be the truth, I post here for purely altruistic reasons, as strange as it may sound. I strongly believe that *indeed, you are leading newbies to the slaughter* with your incessant false recanting of news release falsehoods, which you yourself know well to be falsehoods (at least white lies). You are driving anyone not running you personal agenda off with character assassination, just as you called me "disingenuous". This forum is for all to learn. I have made a number of very simple and quite succinct statement, the last release on the gas is false in that it lets the readers of the news release leads unsuspecting potential investors to believe that they have "assets" worth two to four times what they really have. This is done by sinister means such as keeping the potential investors in the dark as to the true number of the shares (not phone call or other "plausible deniability" tricks). Furthermore it implies that the values of probable assets should be taken at full values (while even proven reserves are taken by any self respected P&E at 90% and solid probables at only 50%). Sure, if it ever gets to a jury, the company can always say "but we stated that these are "Proven and Probable", the reader should not have assumed $140 MM (despite the fact that this is the number we really wanted the readers to remember) is real. The fact of the matter is that if they have a report on any reserves, this report will state separately the proven and the probable. Sure they do not have to, since they are not a reporting company, but then I should have no reason to have blind faith in a single word they utter. Grow up and start to learn that when a company words its release in such ambiguous way assume the worst, like 5% prove and 95% probable, and doubtful commercial viability. If the company think this statement is harsh, let them put the true proven and probable in writing, separately from each other. Your acquiescence with their misleading of potential investors put you in the same category as they are, a very disingenuous poster who is trying to hide the truth from other people that are assuming you know more than you really know. If management has led you by the nose, it is time for you to wake up and insist on factual written evidence, not phone hype that can be denied at a later stage. Put their feet to the fire or drop out of this one. I take it I have responded to your request to not just say it but prove it. You go and read that last news release and give me a single good reason why it is not a very blatant overstatement of what they really have. You get the company to put in writing how many shares are outstanding right now, and how many shares are committed to their Swiss partners, in the open, no hiding behind reporting or not reporting. Sure they do not have to, but there is no law saying they cannot disclose their true capitalization, who owns what etc. Next time, if you want me to respond to you, address the post to me not to yourself. Zeev