Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Henry Volquardsen who wrote (14138)	7/9/1998 12:54:00 PM
From: Larry Macklin	Read Replies (1) \| Respond to of 20681

I have idea how carl could make those statments when cleary Russell has no idea if the technology works. He certainly has not endorsed j/l to anyone as of yet. I do believe that Brian Russell feels the technology is worth investigating and that Johnson is a capable scientist, but there is no proof or even an indication that johnson process works, yet. larry macklin

To: Henry Volquardsen who wrote (14138)	7/9/1998 12:59:00 PM
From: Lionel Hungar	Read Replies (3) \| Respond to of 20681

NAXOF is down 13% today. Another stirring vote of confidence for Kemp I guess <sarcasm off>. Brian Russell is a great example of what is wrong with Naxos. He has no clue as to what is going on because Naxos is run like a circus. We will continue to see new lows until the inevitable housecleaning occurs. Its up to you folks. You can piss away another year or you can get behind Carl Campbell and change Naxos for the better! Lionel Hungar

To: Henry Volquardsen who wrote (14138)	7/9/1998 11:29:00 PM
From: Al C	Read Replies (2) \| Respond to of 20681

TO ALL: STATUS OF RUSSELL WORK AND CAMPBELL'S POSITION: Russell spent 8 intense days through 6/23 in the U.S. studying every aspect of the J/L technologies (plural). The results of the lab assays of all this work have now been held up for THREE weeks, by Norton's initial refusal to pay the bills; then trying to involve himself in the environmental concerns of one of the two labs; and subsequent capitulation as shareholders interceded, crying foul. This effort at impeding the results is clearly aimed at keeping the Russell study from being available to shareholders by the AGM, in my humble opinion. This Monday, "management" capitulated and agreed to honor all the bills for the study. However, as of tonight (Thursday night in U.S., Friday AM in S. Africa), payment by at least one of the labs STILL has not been received, and until it is--now promised for tomorrow--the lab will not FAX its results--now awaiting payment for 2-3 weeks--to Russell in South Africa. Norton is directly involved in the other lab, so no one knows where it stands; but this is the lab he tried to involve himself in on environmental as well as payment matters earlier. Russell is sitting there twiddling his thumbs as this political charade plays out here, aiming to "run out the clock" before the AGM. Since Russell is a round-the-clock workaholic, if payment to the first lab hits tomorrow, the results will go out and Russell can start working--at last--on them over the weekend. But he has other commitments, and shareholders may or may not get the report before the AGM--essentially, Norton willing. It looks like it will be real close! Campbell had to put some lead time on all this, in view of the lead times for voting, mailing in proxies, etc.; and get awareness rolling. I believe he had Russell's eight intense days of study of all phases of the technology in mind when he said "his technology has been closely studied." He most likely went on Russell's apparent attitude of enthusiasm in saying that his "reaction, in terms of whether this is a technology worth pursuing, is definitely yes." Rest assured that neither Russell nor anybody else knows any of the quantitative outcome, as of tonight, since payment STILL has not been made...and "tempus is fugiting" (time is flying). Someone said that "personalities" are the issue. That's partly it, but as you can see, character is also at stake; i.e., integrity. The above behavior is not conducive to a tranquil relationship with J/L or anyone else. Of course, Lett is not above these criticisms either. The Board is apparently aware that it's in a quagmire. Fred Arkoosh is apparently again riding to the rescue as interim COO--yes, again! Campbell in his letter also seems to suggest him as a neutral interim CEO and/or Director to replace Kemp as such, to both (a) fairly represent us in the J/L matter, and then (b) help us as a seasoned executive, running a $50 million business, to land the real, strong, likable, industry CEO that we can certainly attract once we have our technical house in order. Seems reasonable to me. I think things are gradually falling into place.