Flexweight Corporation (FXWA) Message Board

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Non-Tech : Flexweight Corporation (FXWA)

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To: Wayne Rumball who wrote (23)	10/25/1998 12:09:00 PM
From: Ken Sammut	Read Replies (1) of 30

Ted is correct about the limited number of shares in the float. The three or four main parties are holding on tightly. You are not far off in thinking how can this stock demand it's present price. Until Friday, it assets were minor with only the NUOA deal to look forward to. It would seem that the MM's are comfortable with it's present price around $6.00. The company's goal is to get the NASDAQ listing as it has a high enough price and now the assets of NUOA. If you day trade you may be able to make a little money shorting but be careful of an unexpected announcements such as FXWA purchasing additional international properties. NUOA may be a safer play. If FXWA is successful in creating a more diversified portfolio of international and domestic hotel and casino properties, NUOA should follow FXWA with great leverage. With NUOA holding as many warrants as it does, it can eventually own 85% of FXWA. At 49%, it will take only a small number of exercised warrants to give them majority control. To my knowledge, none of the posters here on FXWA own any shares of FXWA. Personally, I do not care what FXWA's price is in the short term as long as it does not fall under NASDAQ requirements for listing. Ken

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