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.

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

To: Andrea Lastroni who wrote (4611)	12/8/1998 10:52:00 AM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

Andrea, Greetings from the US. How are things on your side of the world?! If you haven't kept up with the changes the reverse split of shares 1 share for every hundred you had before the split date means if you had 1000 shares before the split you have 10 shares now. They took 99 shares back for every one hundred you owned. The last we were told the authorized shares was 2 million and maybe 1.44 million issued, the float is anybody's guess, probably the whole 1.44 million. A company press release (now gone from yahoo) stated that TEIM's (20.5 million pre-split if I remember correctly) shares were cancelled. I have heard from other sources that no shares were cancelled and the press release was false. The press release made other promises also, like increasing shareholder value, keeping us informed, and we were encouraged to trust the management. It all sounds hilarious now! As far as NAMX having any value at this point we don't know. Dr. Stamm's personality disorder seems to prevent him from telling the shareholders anything about the company or what they are doing. They have wells pumping gas that KNE is buying. That's all we know. We have no financial data at all on which to base a valuation of NAMX on. We have no idea of their future plans or if they even have a future. We don't know if every penny that namx is getting is going to Zurich Holding or not. And I suppose Stamm doesn't want us to know. cya, Bob