North American Gem Inc V.NAG

NAG and its problems

[mdzgn2006]

The recent issues that arose in connection with the correctness and accuracy in NAG's reporting leaves me with an uneasy feeling.

I am relieved to know, however,  that management is working to get these problems behind them.
 
I looked at the BCSC website and NAG is still on the defaulting issuers' list as of yesterday. I also learned that the
BCSC can issue a cease trading order without notice, so I strongly urge NAG's management to avoid getting on that list again. That it is bad for business is an understatement, especially in hard economic times.  

I also urge NAG's management to increase their level of literacy so that whatever they publish will reflect well on them, on their website as well as in their news releases. Since we don't see how they go about in their daily business, our only way to make an assessment is what they tell us through the media. I also urge NAG's Investor Relations personnel to drastically increase their level of professionalism or leave their desk to better qualified people.

I am expecting progress reports on the West Virginia properties, the Saskatchewan coal play, and Louise Lake that will be detailed, factual, and accurate.