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Microcap & Penny Stocks : AmeriResource Technologies (ARET)
ARET 0.00010000.0%Jan 22 4:00 PM EST

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To: dusty who wrote (3049)10/1/1998 8:45:00 AM
From: Ken Sammut  Read Replies (1) of 7609
 
Run Dusty Run,

Can you or anyone tell me if ARET shareholders received shares in FXWA when the two companies got together. If so, were they restricted shares.

As you may know, NUOA is about to merge with FXWA and turn over its hotel and casino properties to FXWA for 50 % of FXWA's stock and notes and warrants (for another 30% of FXWA) totaling $180M.

NUOA shareholders keep their shares but we are waiting to find out how many shares of FXWA we will receive based on how many shares of NUOA we own.

It would seem as if FXWA and NUOA (possibly through its domestic casino sub) may joint venture with ARET. Just speculation but it seems to make sense.

What are you hearing. Please post here or the NUOA or FXWA boards. If you prefer, send me a PM.

Thanks for your time.

Ken
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