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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: jmt who wrote (554)10/24/1998 10:59:00 PM
From: Theodore G. Gresch  Read Replies (1) of 1622
 
Jmt, This is my take on the current valuation of NUOA. Also, NUOA may shop the note for cash and get involved in other projects. Even if they only get $90 million for the note it would make NUOA a great buy.

7.8 million shares of FXWA x $6.50 = $50.7 million x 70% ownership = $35.5 million less 20% haircut = $28.4 million.

$180 million note x 70% ownership = $126 million.

36 million shares (options) x $6.50 = $234 million less cost of options ($6 million) = $228 million x 70% ownership = $159.6 million less 20% haircut = $127.7 million.

28.4 + 126 + 127.7 = $282.1 million / by 69 million NUOA outstanding = $4.09 per NUOA share.

Ted

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