NuOasis (NUOA) formerly NONA Message Board

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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: Mr Metals who wrote (547)	10/24/1998 1:49:00 PM
From: Theodore G. Gresch	Read Replies (2) of 1622

To All, The PR is incorrect. It is not a merger. Anyone doubting this fact can call Johnathan of NUOA (949-833-5381 ext.723). The deal is a transaction not a merger. NuOasis International a sub. of NUOA has sold its Tunisian entities for 6.9 million shares of FXWA stock, options to purchase 36 million shares of FXWA stock for a cost of $6 million and a note for $180 million. Once the options are purchased the Tunisian entities will once again be reflected on NUOA's books as it will control 85% of the company. NUOA has about 65 million shares outstanding, 17 million of which are in the Treasury to purchase a replacement property from the sale of the Macau casinos. Management has stated it will not do a reverse split. Their is no need for a split or further dilution of NUOA stock. Ted

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