The problem Jeff is valuing OASIS. The 4. per share
is not based on asset value or cash flow. Without
a market maker, without sufficient outside shareholders,
liquid assets, meaningful daily trade numbers OASIS
could just as well be .04.
OASIS does not qualify for listing. NUOA had its chance in
Macao when it was pulling in actual dollars in exchange
for the Chinese warlord coerced Luke into a real estate
deal, and headed the company toward cigarette deals and
God knows what. When the warlord realized he couldn't use
NONA as a backdoor portal to NASDAQ he sold Luke out,
hence the move to Tunisia where Luke refused to share
equity with a legitimate gaming company and make it work.
The rest is history, paper shifting, consultant fees,
rumors of 'deal' after deal, non-reporting, and now there
is no sane venture capitalist who would put a dime into the
NUOA/OASIS morass. We got screwed be through greed,
stupidity, or lack of nerve to see the Tunisian deal
through. That is the sad part of the story, this company
despite the weakness in the gaming sector had a shot and
now is a shoddy, unfundable shell. The spinoffs made no
sense from a fsical standpoint. They are worth no more than
5 business cards printed at Kinkos. At least from
NUOA we get a sweet yearly tax loss, EOM> |
