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

To: Kurt R. who wrote (13952)	7/2/1998 8:14:00 AM
From: Henry Volquardsen	Respond to of 20681

You do need to file an intent to sell because you 'consider yourself an insider'. My understanding is that insiders are not required to file when they intend to sell. They are required to file within ten days after they sell. An intent to sell is a technical filing. It usually indicates that restricted stock has been added to the float. Also if the market 'understands' your theseis regarding the options, why did it wait so long after the announcement to react. Another investor and I discussed the filing on Friday before the open. The market was stable until yesterday. There is no clear link to assume that yesterday's action was related to news that was already in the market for several days.