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Non-Tech : Flexweight Corporation (FXWA)
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To: Theodore G. Gresch who wrote (10)10/6/1998 5:41:00 PM
From: Ken Sammut   of 30
 
I think initially (assuming there is an upward trend), that FXWA will be the stock that moves higher. NUOA will follow more slowly. As you know once the deal takes place, FXWA will own the Tunisian properties. NUOA will own 49% of FXWA.

Once earnings come in, and more deals are done then hopefully we will see a strong rise in FXWA's stock. At the same time, my guess is that Fred will be using any cash on hand to buy up FXWA shares so NUOA's ownership percentage increases.

Eventually NUOA will see it shares rise again assuming FXWA rises. I would not be surprised to see FXWA and NUOA merging somewhere down the road. Doubt that will happen until there are 5 to 10 additional properties and NUOA owns a high percentage of FXWA. At that time we will really enjoy a big pay day.

Right now it makes more sense that larger investors will go after FXWA and maybe put a little speculative money in NUOA. It will be FXWA that is listed not NUOA.

The company has said directly and indirectly that there was a lot of money on the sidelines waiting to be invested in NUOA. A lot of it from overseas. From what I understand, they are unable to invest in low priced US stocks. If this is true, then that money will go into FXWA. This may be what we are seeing.

NUOA could move up short term but do not expect a lot (unless the MM's work with the stock or it catches on fire for some other reason.

Ken
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