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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA
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To: jmt who wrote (723)11/3/1998 4:50:00 PM
From: Ken Sammut  Read Replies (1) of 1622
 
JMT,

>>>Credit without collateral in a new entity without a history of
profitability is difficult if not impossible>>>

I agree 100%. I expected NUOA would have to offer collateral to receive the loan. I expect they will have to do (or FXWA) will have to do that with all the properties they purchase. Otherwise they would have little chance in purchasing any properties.

I was assuming they would use the actual property (Gammarth) as the collateral not stock in the company. Is the European lender a bank or venture group. I was under the assumption it was a bank. Maybe I am wrong.

Ken
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