Jeff,
If you say management will make this work, I believe you. I have no interest in this stock and, freely admit, my opinions are based on prejudice from prior DD before the company's merger and current acquisitions. {2-3 years ago}.
However, Nona Morelli's II is still a holding company. As such, I'd be very reluctant to invest until I knew how all the "other" interests are performing. I still stand behind my feeling that a gaming establishment does not guarantee success, especially one located on foreign soil.
You state that ~~~"Currently the company has the only casino in Hammamet, Tunisia."~~~~
From my understanding, the news release states that NONA's subsidiary owns a percentage............
~~~~"The Company's wholly-owned subsidiary, NuOasis
International, Inc., owns 70% of Cleopatra Palace Limited, 70% of Cleopatra Hammamet Limited, holder of the Tunisian gaming licenses, and 50% of Cleopatra's World, Inc. operator of Le Palace Hotel at the Cleopatra Palace Resort in Cap Gammarth."~~~~~~
Because I have no interest in this stock, I should have never responded to BTM's post, and for that I apologize. You obviously have more than a passing interest in this stock and, therefore, have done much more DD than I. I defer to you. I also wish you the best of luck!
Theo
P.S. I have nothing against gambling, in fact, I LOVE Vegas.....;-)
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