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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA
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To: Theodore G. Gresch who wrote (435)10/1/1998 10:45:00 AM
From: Gary s Gilbert  Read Replies (2) of 1622
 
Interesting analysis, which could only arise in the
penny stock world. how do you 'shop' a note in excess
of 100 million dollars collateralized by a company in
Nevada with a 'board' consisting of 2 recently appointed
individuals sitting on a truck stop and motel in
eastern nevada. a company with no revenues, recent
bankruptcy, its 'stock' trading mysteriously between
5 and 7 per share for a few months, suddenly up from
zero. NUOA with 50 million shares plus, out, should
focus on consolidating its core first. a classic ruse in
penny stock chicanery is rapid expansion, tie-ins with
unrelated 'subsidiaries' followed ultimately by 'sorry
folks'. Indeed we all have been patient, waiting for the
'financing' to come through.
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