NuOasis (NUOA) formerly NONA Message Board

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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: campe who wrote (572)	10/26/1998 12:29:00 PM
From: Ken Sammut	Read Replies (2) of 1622

I wonder what the two brokers who caused the downward selling pressure the past few weeks are telling their clients now. One if not both were upset with NUOA because they had heard that even if financing was received for Gammarth, Fred would still not open the Gammarth casino until March or April. They wanted Fred top open within 30 days of receiving the financing (casino is ready to go once tables, slots, and last minute things are taken care of). Fred never said he would not open within 30 days but for whatever reason, the brokers believed he would not. It is my humble opinion that even if the financing was finalized tomorrow, we should not open until shortly before peak season begins. A soft opening can take place in March with the Grand Opening in April. This casino is huge when compared to Hammamet. It could take a couple hundred employees to run the place. It would be silly to have that overhead when little revenue is being generated. Announce the financing when it is done, focus on increasing the occupancy of the hotel, and then open up the casino. Hopefully some of the people who were told to sell, will come back in. Ken

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