NuOasis (NUOA) formerly NONA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SG who wrote (1565)	8/9/2001 5:59:08 PM
From: John Fisher	Read Replies (1) of 1622

Based on the financing theory on the RB boards, I have to think that we, the original stockholders, are about to get hosed again with a huge reverse. It is not in the best interests of the management or alleged financeer to let the original shareholders recoup their losses, so they will not let the price rise without having significant holdings (the holdings they will get in equity portion of their floorless convertible). Here is the plan IMO: 1. 500:1 R/S (to get over $5.00/sh and issue more stock w/o a by-law change) 2. step up to an exchange (amex?) 3. do the floorless convertible financing to run the stock up over $10.00/sh (for offshore marginability) 4. watch as mysterious offshore companies short the stock back to a penny and cover with the convertibles. Very simple - Very easy Financeers get their money back AND the company, and the s/h base gets the shaft. As always JMIO, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next