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


To: Carl who wrote (4598)11/20/1998 4:28:00 PM
From: Sidney Reilly  Read Replies (1) | Respond to of 4736
 
Carl,
You won't find anything on this co. anywhere. It's non-reporting and when Ebeling was moving the company towards being reporting Stamm pulled the rug out from under him. You won't get any news out of Stamm, he's very secretive and is probably hiding something. There is an undefined agreement between NAMX and Zurich Holding AG, Zurich Switzerland,(Stamm is the big cheese with Zurich Holding) for the use of EM-Sounder. EMS has never been proven to work but NAMX has to pay Zurich Holding for using it, and we don't know how much. For all we know all the money from Nebraska could be going straight to Zurich Holding. I don't know what the stock will do. I didn't expect this last rise. I don't know if/when they will drill new wells. There is a report that if NAMX doesn't meet a drilling program set up with Heofle Oil that the Nebraska field will go to Heofle Oil (we lose it). I have also heard that a company officer (take your best guess who) has an undisclosed interest in Heofle Oil so if the field reverts that officer won't be hurting. Dr. Stamm or the current PR won't step up and confirm or deny any of that. I was called a heckler for asking and the company doesn't respond to hecklers. I'm not a screwed stockholder to them, I'm a heckler. Right Marty!

Bob