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

To: Larry Macklin who wrote (16523)	10/4/1998 4:31:00 PM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Larry- if you want something else, go buy something else. As a Naxos shareholder we are owners of the company and we do have rights. As an investor I evaluated the risk and rewards prior to my purchase of Naxos, for Franklin Lake, and made my decision accordingly. I continue to hold the shares todays AS AN OWNER OF THE COMPANY for Franklin Lake. If I decide that the risks are increasing I will sell. If I perceive the value to be higher than the current share price I will buy more. If I want Coke I will make the same evaluation and go buy it. The last, in my opinion, mistake of a press release should be retracted immediately and without reservation. On September 15, 1998 Naxos represented to us shareholders that they were going to fund the Johnson/Lett technology and start the pilot plant. It has only been a few weeks. I purchased the stock for Franklin Lake, I do own a certain percentage. Any attempt to take it away without my permission as a shareholder will be dealt with accordingly. If there is a shareholder vote, and the majority want to buy xyz and sell Franklin Lake, so be it. This way, without shareholder approval, is unacceptable. Max