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

To: jbIII who wrote (14902)	7/28/1998 6:48:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

jb3: I would say that is a logical assumption. However, I think more probably Fred is gone because he had the nerve to challenge his Sidneyship as top dog. I am no Fred booster but if you have to pick the lesser of two evils, my instinct is to cast my lot with a guy who owns 1,000,000 shares not one who owns 4,000 shares and sells every time he gets the stock. I've spoken to Fred several times and I think he does sometimes let his emotions get the better of his judgment. I can sympathize with that failing. I'm often guilty of that myself. I think he also has a large ego which is often a characteristic of a man with his own agenda. I also know something about Fred's business and his business dealings and I am impressed with his acumen. Its a very mixed bag. When it comes right down to it I respect Fred for his good qualities and despite his failings because HE HAS THE BALLS TO CALL ME BACK OR E-MAIL ME EVEN WHEN HE KNOWS I'M NOT A HAPPY CAMPER. That is a great distinction in my mind. IMO, he treats the shareholders as co-owners, not mushrooms. I'm sorry to say I can't say that about his royal Sidneyship. JLA

To: jbIII who wrote (14902)	7/28/1998 8:58:00 PM
From: Larry Macklin	Read Replies (2) \| Respond to of 20681

JOHN, I have not read all the posts yet but your post is ALL wrong. Fred was appointed COO to help naxos and become part of the naxos team.He was given the opportunity to work with management and decided to try to do things his own way and he overstepped his boundries.Fred wants complete control and i do not believe he is capable of working under anyone. That is why he is no longer COO. Fred had the perfect chance to remain as COO. After it was clear that he didn't have the votes he could have stood up at the AGM and said that he would work with management.He choose not to do that. Thank You Larry Macklin By the way, Fred didn't seem very placated at the AGM to me!