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Microcap & Penny Stocks : NLXI - The Next Big Reverse Merger -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (7)	11/24/1999 6:20:00 PM
From: jdcpa	Read Replies (1) \| Respond to of 13

I spoke to Charlie Stout, President of NELX, Inc., today. He also told me that the plan is to complete the due diligence within 30 days. Square Roots is a hardwoods milling operation. It is operating profitably and has the potential for several million dollars in orders that are coming into fruition. The real kicker is Reliable Energy Producers. He told me several times that the reserves are incredible. The company was courted by several of the major players in the industry but fortunately for NELX those deals didn't materialize. Charlie has been working toward this reverse merger for two years. An independent geologist is confirming the reports previously done by other geologists. He is extremely excited by the prospects. The company's goal is to qualify for the NASDAQ as soon as possible after the completion of the merger. He said the synergy is good between Reliable Energy and Square Roots. The companies are located within 25 miles of each other. The net operating loss carryforward of $8.3 million should be very advantageous to the two companies as he is expecting a tremendous potential for profits.