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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: CoffeePot who wrote (552)10/24/1998 5:29:00 PM
From: Ken Sammut  Read Replies (1) of 1622
 
Coffee pot,

Welcome to the thread.

Although the Tunisian properties are the center-piece for NUOA/FXWA, I am personally hoping that this company looks a lot different a year from now then it does right now.

Management has been in negotiations with up to 10 different hotel/casinos around the world as well as Vegas. I believe it is their goal to add several up and running properties to their stable.

They have learned a valuable lesson that it is very expensive and time consuming to start from scratch (negotiating with foreign countries, finding a developer, partners, finding financing for a non-proven concept, having the property built, promoting it, etc.). It makes sense to go out and buy established properties.

With the casino industry hurting all over the world, this may be a good opportunity for NUOA/FXWA to pick up some good deals.

Ken
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