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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 (3982)	6/19/1998 11:32:00 PM
From: Zeev Hed	Respond to of 4736

Bob, furthermore, if indeed there is a $700,000 loan you can bet your bottom dollar it is not a "nice" loan but it assures that if NAMX has indeed something those debt holders will have a good 50% if not much much more of that. We had an argument a short time ago id 1/16 was cheap, and I answered not if it is destined to go to a penny. Unfortunately we are now getting pretty close to that value (I should say valueless) figure. Zeev

To: Sidney Reilly who wrote (3982)	6/20/1998 1:10:00 AM
From: cAPSLOCK	Read Replies (1) \| Respond to of 4736

I am glad to see your eyes have opened up Bob. Really. James

To: Sidney Reilly who wrote (3982)	6/20/1998 1:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 4736

Bob, I think that some members of this thread, as a "public service" should go on some other threads were corporate chieftains are lying to stockholders and fleecing them of their hard earned funds. Example of other fiasco in the making are, IMHO, at PLFM, PNLK, these are two brought to my attention recently. We have already buried EXSO, CAFE, RMIL, CTYS, and IPMCF (the latter two just declared bankruptcy), but it takes too much time to research additional ones as they come (ICVI was brought recently to my attention and I think it is another sham but did not have the time to go into details). Zeev

To: Sidney Reilly who wrote (3982)	6/20/1998 1:48:00 PM
From: Hunter Vann	Read Replies (1) \| Respond to of 4736

It is puzzling in a way because the wells are there and the value is there. The fact seems assured that we will have revenue and survive Doesn't matter if they had 200 wells pumping. If management can't contain costs, then they go under. It appears this is only one of the problems NAMX is now experiencing. I'm assuming that NAMX will soon be delisted to the Pink Sheets and you'll have to give your broker a call to get a quote. < than a .01 in probably two weeks and left with nothing but a shell. It's sad, and I truly hate it for the honest and sincere people on this thread. It's also quite apparent that the company had more problems than Ebeling(ouch, I can't believe I said that), although he certainly didn't help matters any. With his past record, one still has to wonder why in the hell Stamm hired him in the first place.