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

To: ShoppinTheNet who wrote (16038)	9/4/1998 7:18:00 AM
From: BGM	Respond to of 20681

SK: I also would still like to know the answers to questions about South America. I asked those questions before and was told the revenues were netted into the expenses. I was also told that this must be OK because the auditors signed off on it. It is not OK. It implies something is being hidden or distorted. Do any of you own Sunbeam shares. Auditors can't counteract bad (or worse) management. We are now told that this property will be sold. What are the numbers to justify this. What is Mr. Norton's detailed analysis to justify this. Before this property was going to support $3/share easily. Let's go on to the next dream. Don't worry about the reality of the past, we still have the fantasy of the future. Brad Mertz

To: ShoppinTheNet who wrote (16038)	9/4/1998 8:20:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

SK Instead of endlessly asking questions, why dont you EVER try to find out one answer? Larry has them, but I have sugggested that he charge you $100 a paragraph to help defray his cost. He is too nice to actually do that, however. I also find it interesting in determining what someone's motivation is who spends 100% of his time complaining about things and 0% of his time actually trying to find answers. All for a stock he supposedly owns. Mark

To: ShoppinTheNet who wrote (16038)	9/4/1998 10:11:00 AM
From: Tom Frederick	Respond to of 20681

SK and Mr. Allen. It is clear from your posts that virtually no degree of proof about the actions of Naxos and its management will ever be sufficient. You asked about Mr. Nortons experience and I posted the credentials as reported by Kim. You asked about education and Larry posts where his degree is from and where his continuing education is headed. But neither of these suffice. Now you want to see the diploma, talk to the professors, find out if he cut class, get the additional properties, what was his GPA and on and on. With this level of skepticism, I ask you both WHY don't you just sell this stock and move on? Please don't tell me it's because you can't afford to sell at this price, because nothing you are saying implies that you expect any better price anytime soon thanks to the mismanagement of Naxos. Here's the excercise. Put your level of confidence in Naxos in terms of stock price. If you have no confidence that things will improve, you can only GAIN by selling Naxos and buying...take your pick. There are lots of bargains. My opinion continues to be that Naxos just spent alot of money to realize that SFA just doesn't work. We knew that. But John Norton forced this issue to the front and is not only preventing more good money being poured after bad, but is also providing much needed mining experience along with Jeremy(sufficient to impress CPM group who I think has a little higher standard of expectations than you or I) to put Naxos in a position where it can seriously consider managing real, proven properties in order to broaden the base of Naxos and provide profits and therefor a new base for the stock price. I don't know if they will succeed. We all need to see the plan and make up our minds. I'm through pissing and moaning about proof of Mr. Norton's experience. Other than a $5,000 international phone research campaign we can poke holes till the cows come home in any proof provided here for his abilities. CPM group likes him. That I heard from Russ. But of course you guys don't believe that is worth anything. Do your own DD. make up your minds. But it is certainly not my job to convince either of you. You need to do that for yourselves. Good luck. Tom