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

To: Tom Frederick who wrote (16192)	9/10/1998 7:20:00 PM
From: jlallen	Respond to of 20681

Really? What on going business? What results? JLA

To: Tom Frederick who wrote (16192)	9/10/1998 7:23:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

Just a question. I don't remember now. Who hired our "proven" Mr. Norton? Was anyone with any mining experience involved? JLA

To: Tom Frederick who wrote (16192)	9/10/1998 9:38:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Tom, Very well put. I agree 100%. Your comment about looking at this as an ongoing business helped crystalize something for me. A number of people have made statements giving previous management credit for getting the stock up to $10. This statement has always made me angry at a visceral level that I couldn't quite put my finger on. (Rand I know you said this recently and my comment is not meant as a criticism of you and I do not in any way question your motives) Your comment clarifies this issue for me. When the stock rose to $10 it was because of expectations of incredible assay numbers. I suspect many of us now believe those expectations were the result of repeated hyping, leaks and what for a lack of a better term I will refer to as manipulative behavior my people inside and outside the company. I mention no names because I have no proof. Well despite the fact that our positions were worth a hell of a lot more than they are now I can't think of this as a good thing. I am frankly not interested in making money because some other poor sucker got hyped into buying the stock even higher than I did. I am interested in companies that have the potential for becoming ongoing concerns and producing real value. And I want to point out again that this is not meant as an endorsement of current management. Naxos is not yet an ongoing concern. There are still of questions about Naxos. I anxiously await word of what management intends to do with the current situation. But I find it very difficult to have happy thoughts about the previous regime and find the manner in which the stock got to $10 more of a cause for serious questioning than for nostalgia. Henry