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

To: paul j. gourley who wrote (3160)	3/30/1998 7:51:00 PM
From: cAPSLOCK	Respond to of 4736

I believe, Paul, that if shares were held in a trust (for example) that they would not legally belong to who they were primarily issued to. Let's say you bought 1,000,000 shares of ABCD whom you work for, put them in a trust for say.. your son, and then were fired. Or you were issued non-restricted shares for 'payment'. There would be little (at the time) to stop the sale of those shares. If you are issued restricted shares for payment, however, not only could you not SELL them, but there would be a chance they could be cancelled!!! If this is the case we could see the # of issued shares decrease. cAPSLOCK only musing.

To: paul j. gourley who wrote (3160)	3/30/1998 7:57:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

paul, That was one of my first thoughts after reading the press release. The shares are restricted, it said so in the press release. So he can't sell them without filing a form 144 and getting permission (I think from NAE) to sell any early (assumung it's a standard 2 years restriction). The bigger question is will Tridon and PE be allowed to keep the shares. The question was raised about where did the money come from to purchase 20.5 million shares at say a dime. How did this whole transaction take place? Maybe the transfer of those shares by NAE to Tridon can be cancelled for some reason. We don't know the particulars of PE leaving but that could be an opening for NAE to get those shares back. I hope they do. This would be a good time for NAE to come clean with investors on all the questions that have been raised. Gruy report, share situation, cash in bank, progress in Nebraska, progress on becoming reporting. IMO that would give NAE a credibility that has been lacking and send a message that this new management team intends to be open with it's investors. Bob