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: MIKE MORGAN who wrote (15924)	8/30/1998 4:14:00 PM
From: david cohen	Read Replies (3) \| Respond to of 20681

Mike, well put! There are many on this thread that have made claims over and over that Naxos was the real McCoy. Their stupidity and/or misinformation has surely misled others and caused them financial hardship. You are much more realistic then others on this thread. What, if any, value do you think Naxos has at this point? Some have mentioned a spin-off, but this sounds far fetched for a .70 cent stock. Do you or anyone else think Naxos shares are worth what they are currently trading at? Will the stock ever see $2 again? Interested in your comments. thanks.

To: MIKE MORGAN who wrote (15924)	8/30/1998 11:19:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

Mike: If you think I've only lately been asking these types of questions then you have not been paying close attention. I briefly gave the "new" management limited support when they first came aboard, however we parted company some time ago. I was NEVER an advocate for JJ's style either. This situation is first and foremost an issue of management ability (or should we lack of such ability) and credibility, some would say "ethics". We are all responsible for our own investment decisions. I don't blame Mark Silvers or Henry V., Tom F., Neal Davidson, Larry Macklin or any of the others for our common mistake. I don't doubt that their intentions were NOT in any way "evilly" motivated. Given the very nature of this forum, anyone who increased their position in the company based upon the anonymous comments of persons they have never seen can be expected to get what they deserve (with apologies to City if necessary.) Its human nature to look for scapegoats in such situations. I see it all the time in my business. I won't. I made the money. I invested it. I lost it. No third parties are responsible but me and the cheesy management of Naxos. JLA