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

To: GlobalMarine who wrote (14812)	7/26/1998 5:27:00 PM
From: sh	Read Replies (1) \| Respond to of 20681

Rand, Despite all that has transpired, I'm still a firm believer in the richness and economic viability of FL. With that said, however, when you don't have confidence in management, the best thing to do is bail out. Unfortunately, that's hard to do when you face a significant loss and the situation cannot get that much worse (Kemp may manage to get us to $.25 with his great management skills, but it would take a complete reneging on its prior assaying by Ledoux to get us where IPM is). Arkoosh represented someone who could have worked closely with Ledoux to resolve the problems and who would have aggressively pursued both the Johnson method and Ledoux's version of SFA. With Arkoosh likely gone (I wouldn't blame him one bit for giving up on the company, although that would be much harder for him, as opposed to someone like Kemp who holds a miniscule amount of shares), things look bleak. Maybe those who control Kemp can get things moving at some point (after they've accumulated a lot of cheap shares at the current, or even lower, price). It will be interesting to see how long we have to wait for them to obtain a clarification from Ledoux. sh PS: I'm signing off this thread. The Kemp cheerleaders should have a good time for a little while at least. If things sour, and I sincerely hope they do not, I'm sure they'll come up with all kinds of excuses for the chain of events.