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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (4181)	7/31/1998 10:34:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 4736

Bob, so now we have 200 MM shares and is this with ot without the new 56 MM (!!!!!) shares optioned to the new directors? This absolutely a travesty, options on more than 30% of the company. My stockholders would sue the hell out of me, and correctly so If gave "incentive options" on 30% of light therapies to executive running the outfit, but 30% to directors? Why aren't you stock holders getting organized and sue the hell of that Stamm. He has taken money from you and given it to himself and few "buddies" on his board. In any event, the reverse split is setting up the value of your stock to go from the new low of 2 pennies to 1/10 of that within the next few months. Just do not tell me you were not warned. Zeev

To: bob who wrote (4181)	7/31/1998 10:49:00 AM
From: Old Stock Collector	Read Replies (1) \| Respond to of 4736

Reverse Split! I just ran to the exit and sold! I was lucky to get .0275 for it. I hate reverse splits they never work.

To: bob who wrote (4181)	7/31/1998 11:28:00 AM
From: Hunter Vann	Respond to of 4736

US Senator Steven Symms Yes, credibility back to the board... Biographical notes for each director will be posted to the NAMX website. Uhhhh,...didn't realize they had an 'official' NAMX website... While the commencement of production from these wells is a significant early step in NAMX's long-term development, given the number of shares currently outstanding, NAMX does not consider that the per share profit impact of these wells is material. Ouch! However, the skeptics on this thread have basically been saying this for over a year now. Who's to blame? Is Stamm actually saying that he had no idea so many shares were being issued? Come on.... At a meeting of the newly expanded board on July 23, 1998, a compensation arrangement for directors and for the Company secretary was approved which involved, inter alia, the immediate issuance of options for approximately 56 million shares of common stock. I didn't believe it the first time I read it. Are these guys serious? Compensation package? For what? At the same board meeting, the board approved a reverse split to reduce the number of authorized shares, currently 200 million, and the number of outstanding shares, both by a factor of 100 Hear the fat lady bellowing? The final stake in the heart. I've seen very few companies come back from the dead with a reverse split. Neither directors, nor officers of the Company will speak directly to individual shareholders; or to others to avoid the possibility that one investor could become privy to information that is not available to all investors What a lame excuse. Folks, this statement basically says these guys are going back into hiding. Who in the hell wants to invest in some company where they can't even talk to the people running it? How pathetic.... By all accounts, it appears this company is toast. No mention of future plans, SEC compliancy, Em-Sounder technology, UPR, etc..etc.. With the new NASDAQ requirements, this one is headed to the pink sheets.

To: bob who wrote (4181)	7/31/1998 1:22:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

<<At a meeting of the newly expanded board on July 23, 1998, a compensation arrangement for directors and for the Company secretary was approved which involved, inter alia, the immediate issuance of options for approximately 56 million shares of common stock. The options are exercisable over a 10-year period at a strike price of 110% of the closing bid price of NAMX shares on July 23, 1998, or 110% of the closing bid price of NAMX shares on the date of exercise of the options, whichever is lower.>> Well we are screwed again by that business legend, Stamm. The new board has options on 56 million shares for ten years at 110% of pre-split prices!! Should we assume they will be buying the 56 MM shares post-split??? Yes, that's the equivalent of 560,000,000 pre-split shares thay have been given or another way to look at it is they get post-split shares at pre-split prices!! What the hell!! Looks like the business acumen of Dr. Stamm will never improve. We have been taken to the cleaners again and we continue to suffer for his lack of business sense. The Web Site seems to be working although I see nothing new yet. I can only hope that this in time will be pumped for the new board to unload their incredibly cheap shares and then I can too!!