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

To: sh who wrote (11811)	4/15/1998 2:42:00 AM
From: Scott Corey	Read Replies (2) \| Respond to of 20681

sh: Right on. When I got into this stock there were only about 6 million shares outstanding. Over the years management has "managed" to dilute those shares considerably not by private placements but by granting options and selling shares with low priced warrants allowing further dilution of the stock. I believe the recent lower price can be attributed primarily to selling by insiders (large option holders), selling by those fortunate new folks who were able to buy shares with warrants (in some cases dumping shares to get the two for one special) or those who are selling to exercise previously granted options at lower prices. Tons of money has been made by those in-the-know (insiders)in the past. Make no bones about it, this stock has been carefully orchestrated for years to benefit the few. I agree that before any PP is offered by management a full disclosure of all outstanding warrants and options, including price and expiration date, should be made available to the shareholders, thereby establishing the need for new money immediately. Enough is enough. Management read my lips: NO MORE OPTIONS AND WARRANTS!! QUIT GIVING AWAY THE FARM!! Scott

To: sh who wrote (11811)	4/15/1998 10:40:00 AM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 20681

Mr. sh, <<Pessimism sure is prevailing on this thread...Just a month or so ago when I suggested that we had relatively few results, I was lambasted. Now people are swallowing it as the gospel truth.>> Yes, sir, you are correct. Other careless mistakes have been made with respect to your character as well. Mr. Marsh erroneously declared that you were the one to first bring up the subject of The Boston Red Sox. Anyone who really pays attention to the thread would remember that Mr. SER announced his eternal loyalty to that sports team. Another welcome thread distraction sub-theme has been created. But in the middle of the diversion we hear the first drips of a coming flood of converted naysayers. They will all come as our best new friends and we should welcome them as such. In the meantime the real world plods on and after talking with almost everyone in the company earlier this week I have a pretty clear picture of what is going on. Nothing that I have learned increases or decreases my risk assessment of Naxos. I see no absolute obstacles to success yet the next three months will be no cake walk either. It is essential that all loyalties be directed toward the company itself and the essential tasks which much be performed in the desert, in the board room and in the halls of finance. It is essential the best skills of all the people who are involved in Naxos be reclaimed, retained, and retrained during this time of hidden changes within the Naxos cocoon. The "old dude, brash youth" recent distraction on this thread parallels the larva to pupa to adult growth pattern Naxos is in right now. For the next three months Naxos will be cocooned, and when it finally emerges in the middle of the summer we will witness a totally transformed company. I am also happy to report that the only whining that I hear occurs on this thread. So, what else is new. :-) Keep it up everyone. Net, net...it's a pretty good thread, IMO. Jerard P