A big thanks to Brian Marchese (host of the "Where's That Sound Coming From?" podcast) for scanning this candid interview with Michael Nesmith from the January 1974 issue of ZigZag, a long-defunct British rock music publication.
Michael later performed at the Amazing ZigZag Concert that was held at The Roundhouse in London on April 28, 1974 to celebrate the fifth anniversary of the magazine. The entire show, including Michael's performance with Red Rhodes, was released as part of a box set in 2010. Below is their performance of "Wax Minute":