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


To: Cascade Berry who wrote (19256)6/1/1999 7:56:00 PM
From: soxan  Read Replies (1) | Respond to of 20681
 
To All, something has to give soon!! I really don't know at this point if we will survive or be ok or actually succeed. Things are topsy turvey at best, but really unsetteling. I'm getting very nervous to say the least. I don't regret buying my last shares a short time ago at 40 cents. However an arguement can be played for us to go higher, lower, or out of buisiness at this point. Why is the Father suing and bankrupting us as he does it? While this is going on it takes away total commitment to the pilot plant that Bob Gardner is trying to prove once and for all if we are for real. If the Father wins what happens? I'm sure he has his own plans. If he loses (very probable) what has he gained for himself and his followers? Why even attempt this? He must feel this gamble is worth it. He could be the biggest loser in all of this, I mean he owns tons of stock and is personally paying out of pocket for his actions, meanwhile he is forcing the stock price down. This only makes sense if one, he is out of his mind (I don't think so) or two, he truely believes he can do better for his followers and us. If you look at it from his point of view maybe if he does succeed we will be better off, I really don't know at this point, but he is fighting for something isn't he? Next problem for us looks like we may soon be out of money, this is not good as we all know. Can Bob get results in time? Will Great Lakes bail us out soon with the formula for success? Will we start to produce other metals in the meantime for cash flow? Can we produce anything else other then pm's? Finally the JJ fiasco, will this continue to have a negative spin on the co.? I have not given up with all of this going on around me, cause one thing I still believe is that there is PM'S at F.L.!!!!! I only can hope that those running this company will have the staying power to persevere. Like I said we are in very nerve rattling times at Naxos, maybe we will catch a break soon, thanks for listening to my ramblings,
soxan



To: Cascade Berry who wrote (19256)6/2/1999 5:02:00 AM
From: Kurt R.  Respond to of 20681
 
Cascade, you are right. A trading ban is a pretty lax penalty for JJ. You may remember that quite a few thread members resented anyone who questioned JJ's dealings while he was still in charge. Oh well, I guess that all was "hindsight".
I wonder whether this trading ban also applies to the Jimmy John Family Trust of Barbados, West Indies, where JJ has stashed some 4 million shares. Does it also apply to trading on NASDAQ? If anybody has an idea, please jump in.
Also, what are the chances that JJ will pay back the $733,107 loan? That kind of money would keep the company running for at least 6 more months.
We got to look at the bright side though: If the stock drops by another 50 cents, we will be paid for accepting shares <LOL>
Kurt