Important Update on NUZA for those here into it:
Here is what I sent out to my readers last night about it!
Voyagers Stock tips - voyagers-stockpicks.com or voyagers-stocktips.com
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Hello all,
Thought I'd pass along this news from the Official NU Pizza Corporate sponsered website that I just came across.
Before I do, here is the link to the UNofficial NUZA Pizza Website below:
yourway.to
in case you'd like to do further research on the company.
Here without further delay, is what I found on the NUZA Company sponsered website. Keep in mind, that this is coming from the COMPANIE'S website, and I suggest you all verify this information with them:
numagicpizza.com
August 24, 2000
Yesterday, the company met with its bankruptcy attorneys to review its preliminary plan to come out of bankruptcy. The company has an investor who is prepared to infuse up to $300,000 into the company to bring the company out of bankruptcy. The infusion would be a combination of debt and equity. The company's plan calls for all existing shareholders to remain in place.
The percentage of debt that will be paid off has yet to be determined. In all probability, some creditors will be given the opportunity to convert what is owed to them into stock on the same percentage basis.
To the extent that the investor takes equity and to the extent that creditors convert debt into equity, some dilution will occur. The company's bankruptcy plan will not include any reverse stock split.
Once this plan is submitted to the court, there are a series of reviews that are conducted by both the court and the creditors. Each review period is for approximately 30 days and each revision also has a 30 day review period. We estimate that it will take 3-6 months from the time the plan is submitted to get final approval.
Preliminary talks indicate that once we emerge from bankruptcy, additional capital will be available for the company to grow and develop its existing business and explore new areas of opportunity.
We have also finally received approval from the bankruptcy court to engage the services of a CPA firm to do our year-end audit and file our appropriate tax returns and S.E.C. filings. The company intends to make all of its filings on a timely basis.
August 09, 2000
If you have specific questions or would like additional information that is not covered here, please go to the e-mail section of this web site and send a message to "generalinfo". You will receive a reply as quickly as possible.
1. Positive cash flow for the past 6 months.
2. Profit on the bottom line for every period since the bankruptcy filing.
3. Numero Uno's dual concept locations in Northridge and Sherman Oaks are open and sales are better than expected.
4. We will be converting a fresh, healthy Mexican grill location in Arcadia to our new dual concept in mid September.
5. The first NU Magic Pizza is opening by the end of August in Portland, Oregon. This area is under a development agreement, expected to develop 5-10 stores over the next 3-5 years.
6. NUZA corporate staff is starting to put together the Chapter 11 plan to submit to the court to come out of bankruptcy.
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FYI ... NUZA is currently trading between 1 1/2 cents and 2 cents a share.
I suggest all verify all of this by contacting the company themselves to verify this.
CORPORATE OFFICES NU Pizza Holding Company 3550 Wilshire Blvd. Suite 1725 Los Angeles, CA 90010 Tel: 213-252-9991 (IR is ext# 25)
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As always, be sure to do our own DD and Research, and then decide for yourself.
FYI ... I don't say this JUST to see it in print either. I say it because in my honest opinion, no one should EVER base investment decisions, SOLEY on the word of another person ... INCLUDING ME! I am NOT an investment professional or expert for that matter, licensed or other wise.
I'm just someone who is very detailed oriented and enjoy's sharing information with others, on things I find about companies I am into, or about the investment world in general.
Thus, I INSIST you ALL do your OWN Research and DD, and not just take *MY* word for it, as I could be right, or I could be wrong about the subject matter being discussed. ONLY by doing your OWN research and Due Diligence, will you be able to determine for YOURSELVES if what I am sharing with you is correct or not.
Also, IMHO, when playing the OTCBB and/or the Pink Sheets market (with IMHO, the Pinks being the most 'risky' of the lot), one should only risk funds that one is fully ABLE and Fully WILLING to lose TOTALLY! (Be sure to go back and re-read that second part as well ...the WILLING to lose as well, as IMHO, that is EQUALLY as important as risking ONLY what you are ABLE to lose as well).
Should after completing your OWN DD and Research, you find you are still interested, and decide to buy any of these companies stock, then IMHO, you should ONLY invest not only what you are ABLE to lose completely, but ALSO what you are WILLING to completely lose.
If you would like to know more about these companies, or any other company that has been profiled by Voyager's Stock Tips, go here:
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I can NOT stress this enough, for you, yourselves, to do your OWN Research and DD, and then, and only then, decide for yourselves if ANY of these companies, or issues I bring your attention to, is or is not, something you might or might NOT be interested in.
Lastly, don't forget to do YOUR part in the fight to change the scope of the OTCBB market for the BETTER.
I've put up a website here:
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which will, until I get it fully operational, be redirecting people to a website where people can fill out form letters to the SEC in support to extending the Shorting rules to the SEC, and letters to your representatives in Washington, demanding they take action to end Naked Shorting in the OTCBB, as well as other reforms we want.
If you can't get there or get an error message, go to my other website here:
voyagers-stockpicks.com
and look for the banner there, to get to that website. IMHO, together, in one LOUD voice, we can and WILL be heard, and thus, effect true lasting changes for the better for the OTCBB Market, it's investors, and the companies that trade on the OTCBB.
Happy DD and Researching!
JMHO, FWIW ….
Voyager
voyagers-stocktips.com
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