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.

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

To: Kim W. Brasington who wrote (18892)	5/2/1999 8:24:00 AM
From: soxan	Respond to of 20681

Hi Kim, Do you think you can give us all a good update from the meeting? It would be greatly appreciated. Thank in advance. soxan

To: Kim W. Brasington who wrote (18892)	5/2/1999 8:39:00 AM
From: Chuca Marsh	Read Replies (3) \| Respond to of 20681

Good Morning Kim, Hope I did NOT go against the grain of gold tooo much. Now, let's talk turkey. You and I believe there is gold there. You brought up Chip's Martin Blake to a new and different level. You are taking the best of what you see and are going with it....( but there are secrets that are not leaving Shareholders in the dark like Mushrooms) but still the same old philosophy comes to light...info on a need to know basis. We need to know, and this is not the CIA, FBI or level whatits of the GL who/what / where/ when eVERs: <<..( Keep Trying Till Ya Gets It RIGHT)...Reply To: 51 by Fairview Saturday, 1 May 1999 at 8:54 PM EDT Post # of 56 Here's the link. nationalpost.com ragingbull.com ragingbull.com IN Part from Fairview supporter of Naxos: <<.... Many on Bob Gardner's team did seem quite downcast at the unexpected turn of events. And so disgusted that F. Gregory would continue to work to split the factions instead of honouring his commitment to reconcile for the good of all. I'm in for the long haul....I absolutely believe that there's a pile o' gold and other precious metals at the end of this rainbow.... And BTW, I suddenly recall that F. Gregory expressed this to me directly also ...quote: "Whatever happens, I believe Naxos will go on" Anyone pissed off that the dissident faction proxies were not allowed must realize that they had the option to name whomever they wanted on the OFFICIAL proxies they received from the Company. ...>> ....>>> Chucabsolutely believe that there IS a PILE au'gold ...very trying... P.S.- Who gave this old talk on the Merits of Naxos in CCA so long ago: <<.. responsible to people in the San Francisco area who became involved in the company after a "financial" presentation some time ago at his church. ..>> Did you folks know that a Church Group and a School Class invested in IPM years ago and lost bigtime? Management of IPM apppeared to not be involved in any formal presentations. Yet they lost. In the save IPM Phase just these last few months of NOTHINGNESS, I would like the FULL truths to come out...like..why leftover management of IPM and it Board Of Directors did not offer Paunch of these threads WHOM also collected 6 million IPM Proxies and HIS CHURCH GROUP such BOD support. Why Mr Y.."Hi...I am the new Eli! "Chuca says to mr Y...Hi...I am the NEW QUESTIOMNER!That would of made a Maxam Save of a DD cousin at IPM, IMHO...much easier...stonewalling musrt stop..co-operation is a must! The old rules don't apply. Widows and childrens FUNDS, notwithstanding.

To: Kim W. Brasington who wrote (18892)	5/2/1999 11:32:00 AM
From: KRosenfeld	Respond to of 20681

Kim, From reports by one shareholder who was able to attend only up until lunchtime (over on the Raging Bull thread), there appears to be alot more that went on. Ambushes, legal maneuvers, etc. Can you add any light onto this matter. Sincerely, Ken Rosenfeld

To: Kim W. Brasington who wrote (18892)	5/2/1999 6:56:00 PM
From: sh	Read Replies (1) \| Respond to of 20681

FWIW, my understanding of how the AGM turned sour: 1. Prior to the AGM and the most recent press release, Fr. Gregory's group and the then Board of Directors of Naxos agreed that there would be certain members to constitute the new Board of Directors of Naxos, and the old Board agreed that Bob Gardner would be one of their four new directors. The retention of Bob Gardner was a prerequisite of the compromise. 2. Before the AGM, Fr. Gregory's group was advised that (contrary to the prior memorandum of understanding) Bob Gardner would not be included amongst the new Board members. 3. Before the AGM, Fr. Gregory's group made it clear that they would vote their proxies as is and that they expected a vote to occur (something that would be required by the Bylaws). The prior Board was fully aware of all of this. Assuming my understanding is correct, those who have been throwing stones at Fr. Gregory should get their facts straight. It seems if anyone was so-called “sandbagged”, it was Fr. Gregory and his group. The old Board suddenly reneged on the agreement to include Bob Gardner on the new Board, something they knew was essential to Fr. Gregory's group. This resulted in the crumbling of the memo of understanding between the parties and the subsequent conflict at the AGM. It is my understanding that as of the adjournment of the AGM, Bob Gardner was not part of the new Board. A word of caution to those on this thread: don't believe everything you hear from those who regularly have been criticizing Fr. Gregory et al. Don't believe everything I tell you either since it is simply my understanding. Do your own due diligence. You can call Bob Gardner and ask him if the above is accurate or not. In any case, it appears this matter is headed to court again.