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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA

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To: Gary s Gilbert who wrote (638)10/28/1998 1:45:00 PM
From: Theodore G. Gresch  Read Replies (1) of 1622
 
To All, Revised valuation of NUOA. My prior valuation did not accurately state the cost of the warrants.

7.8 million shares of FXWA x $6.375 = $49.7 million x 70% ownership =
$34.8 million less 20% haircut = $27.8 million.

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

36 million shares (options) x $6.375 = $229.5 million less cost of options
($216 million) = $13.5 million x 70% ownership = $9.5 million less 20%
haircut = $7.6 million.

27.8 + 126 + 7.6 = $161.4 million / by 65 million NUOA outstanding =
$2.48 per NUOA share.

Ted
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