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

To: mark silvers who wrote (18648)	4/23/1999 2:51:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Now at $0.75...and rising! 200,000 plus shares traded. Must be REAAALLLLYYY bad news coming ;) Tom F.

To: mark silvers who wrote (18648)	4/23/1999 2:52:00 PM
From: Paunch	Read Replies (1) \| Respond to of 20681

Mark, No way of knowing who is selling but most of what I have seen since 10:00AM have been buys. I know you at Naxos think all of the problems were because of J/L but you need to think for a moment, J/L is no longer with Naxos and Naxos is still without proof of what they have. J/L is with MGAU and MGAU has presented a check for the proof of what they have and in a couple of weeks may be able to present a check for one week for near $ 50,000.00, and then it might be a little longer before they are able to do that, but they are making progress. This post is not put anyone down, I feel for the Naxof shareholders, I still hold over 12,000 shares of IPM, but just maybe J/L was not Naxos's problem and then maybe the J/L process works on Mgau and not on Naxos. For what is's worth I wish all of you the best of luck. Paunch