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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: jmt who wrote (556)10/25/1998 12:32:00 PM
From: Ken Sammut  Read Replies (2) of 1622
 
JMT,

Your questions are good and valid. Uncertainty of what the combined management can do regarding the addition of additional hotel and casino properties makes the big payday for shareholders uncertain but potentially large.

You can see that in the 4 cents price. NUOA's management has been forced like many small companies to add shares and pay vendors, employees, consultants, etc. with stock.

The stock probably deserves a higher price than 4 cents even with the dilution but the market is saying show me.

You can research the terms by going to NUOA's site and then clicking on to the SEC filings.

otcfn.com

For the day traders and short term traders that may now have been introduced to the stock recently, it should not take much more than 20M shares being traded in a weeks time to push this stock back up to 8 to 10 cents. It fell pretty quickly from 8 to 3 cents. 20M shares is nothing cost wise with the stock price so low.

Most of us on this board have been long term holders. Should a lot of people jump on over the next few days, hopefully many of you will keep some of your position should you realize some gains.

Ken

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