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

To: Henry Volquardsen who wrote (17591)	1/26/1999 5:16:00 PM
From: Tom Frederick	Respond to of 20681

Henry, As you say, Merck has a whole different level of credibility and a whole different type of investor. For Naxos, there is a mix of investor mind sets right now. For yourself, you would prefer they act like a very responsible exploration company and don't say anything until what they say is verifiable and relevant. For many others, they want to be kept up to date with ANY developments. And that means good or bads news. These shareholders were "created" so to speak by the past history of communications and the resulting expectations for future communications. Still others may still want to only hear what great things are coming with lots of positive spin. They were the ones brought into Naxos with nothing but a rising stock price and blue skies ahead. Well, the question is, now that Naxos has been knocked off the peak, tumbled to the bottom of the hill and is not clawing its way back, which of the above shareholders do you try to keep satisfied. They know how they SHOULD act. But they have already squeezed the toothpaste out of the tube so to speak and it is a heck of a problem to get it back in. This is a public company and shareholders are pounding at the gates all the time expecting the good old days of leaks and hype. Well like I said, Naxos would have to deal with many unhappy people if on it last few hundred thousand dollars in the world to spend, they NOW decided to act responsibly and not say anything until they proved what they had OR ran out of money. I don't disagree with your points at all. I just don't expect that they can get all the toothpaste back in without really screwing up the tube or making a very big mess. It's better to not make a mess with the toothpaste in the first place. But once you have passed that point, do the best with the situation. JHHO Good night Gracey, Tom F.