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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA
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To: ghostme who wrote (1096)5/11/1999 8:29:00 AM
From: Jon Scott  Read Replies (1) of 1622
 
Does NUOA still own any GRPV?
Edit
It looks like they may, just not majority.

Prior to the acquisition of NPCand sale of CMA, the Registrant received financial support from NuOasis Resorts, and was dependent upon NuOasis Resorts for future working capital. NuOasis Resorts is no longer a controlling parent and will no longer fund the Registrant. The Registrant's plan of operation is to actively search for additional sources of equity financing and new operating opportunities. Subsequent to June 30, 1998, the Company raised gross proceeds of $575,900 in a private placement of 14,120,019 shares of its common stock. In addition, the Company expects that cash provided from operating activities will increase as the products sold by the Company's newly formed wholly owned subsidiaries gain market acceptance. The Company intends to operate with minimal fixed overhead expenses and to use its common stock to satisfy it financial obligations when possible. Ultimately, the Company's continued existence is dependent upon the Company's successful development of NPC's HitLoTTo(R) product and the ability of ANS to increase revenues and cash flow through Pre-paid calling card sales and One Plus long distance services to achieve profitable operations
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