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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: Jerry Silver who wrote (488)	10/15/1998 5:21:00 PM
From: Ken Sammut	Read Replies (1) of 1622

We can only guess what Fred is thinking. Should Fred buy back the shares through NuVen, (and not a company buy-back), those shares would not be retired. I believe the number of shares outstanding would remain the same. To reduce the number of shares outstanding, the company itself would have to buy those shares and retire them. Tunisia is much slower than everyone would like but I am guessing that Fred is looking down the road at what he is trying to accomplish with this FXWA deal. He may be speculating that he can add a number of properties which are already going concerns that have earnings. While he is doing that, Tunisia will do better gradually. Jonathan did mention that he has received a verbal okay for the property in Spain regarding it's financing. If Fred can pull off deals like this and FXWA becomes a profitable company, keeps or increases its share price, and get it's listing, all NUOA shareholders will be in good shape. The more Fred owns of NUOA, the bigger his payday as NUOA will own 49% of FXWA and as much as 80% plus if the warrants are exercised. It makes sense for him to buy now with the price down so low. Speculation would say that if Fred starts to buy big chunks of stock that he plans on taking the company private or when he cannot buy any more stock at low prices, possibly merging NUOA and FXWA together. Again speculation but that would be the two scenarios that make the most sense. Although there is no way of knowing for sure, there seems to be a large seller the last two days. I have heard that one individual (large holder) was very upset when he heard the Gammarth casino may not open until March instead of 30 days or so after the financing for the Gammarth casino is secured. Fred has not said anything about March but others have suggested that even if the financing was approved in the next few days, that the casino should not open during the off-peak season. I agree that even if the financing was received, it would be foolish to open up Gammarth in December or January. We saw how little Hammamet did in the first four months (December to March). NUOA should send out a Press Release once the financing is in place and then use their experience to determine when to open the casino otherwise we are sure to have loses during the off-peak time. Ken

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