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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA
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To: Theodore G. Gresch who wrote (493)10/17/1998 6:53:00 PM
From: Gary s Gilbert  Read Replies (2) of 1622
 
Ted: the S-8 filed with SEC 9/13/98 clearly states the exchange
of shares to NUOA plus a note for 180 million and warrants
to purchase FXWA at 6 dollars per share, 6 shares per warrant.
And indeed FXWA has increased its shares out to between
15 and 16 million. Do you really believe a) Fred will buy
these shares at such a price and b) these shares are truly
trading on the open market in the 6 dollar range. Do you
know a single non-principal of FXWA/NUOA who has a single share
of FXWA? Go to the EDGAR site and read it for yourself instead
of 2nd hand information and so called press releases. And do you
see FXWA as a good credit risk a few months post-bankruptcy to
pay 180million to NUOA? Try to be realistic versus wishful
thinking.
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