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Microcap & Penny Stocks : IRAE - Another sucker fish ??? -- Ignore unavailable to you. Want to Upgrade?

To: AZBAMBI who wrote (72)	5/13/1998 10:01:00 AM
From: wombat	Respond to of 162

You wrote: I HAVE BEEN ASSURED THAT YOU WILL GET YOUR SHARES FROM NIAR. If you have any more questions just ask. OK, here is another question. A W-9 will have to be signed by stockholders and returned to NIAR before they can send us our IRAE stock. What year are they planning to send the forms out? Thanks in advance.

To: AZBAMBI who wrote (72)	5/13/1998 10:15:00 AM
From: wombat	Read Replies (1) \| Respond to of 162

You wrote: Again I knowe who can be thanked for that and it is under the who to contact section. people who claim to be experts I believe should at least have the best interests of the company behind them and not use hype phrases like "buyout" the only thing that was bought was the marketing rights - My response: Trouble is a lot of "Different" people were saying the same thing, publically, I repeat publically. Why even Joey was quoted in this release which did not come from Harry Stone. Sure looks to me like your employer and IRAE are tied to getting NIAR shareholders .15cents per share now doesn't it? Got an answer for this one. I will be happy to be bought out privately, doesn't matter to me I JUST WANT MY .15 CENTS PER SHARE JOEY....NOTHIN'S CHANGED... Wednesday April 16 4:22 PM EDT NIAR Announces Buy-Out ORLANDO, Fla., April 16 /PRNewswire/ -- North American Resorts Inc announced today that it has entered into an agreement to be bought out by St. Anthony Entertainment, Inc. for a combination of stock at .05 per share of royalties at .10 per share, equaling .15 per share, or approximately $8,000,000. NIAR shareholders will receive .10 in royalties from St. Anthony Entertainment, Inc. for each share owned. NIAR's stock will be valued at .05 per share for trade purposes. St. Anthony's stock will be based on the 10 day average bid price at closing. The buy out is subject to St. Anthony completing its move to become a publicly reporting company within 90 days and is subject to share holder approval of both companies. Joey DiFrancesco, C.E.O. of St. Anthony Entertainment, stated that, "My goal is to create a resort, entertainment and gaming company and NIAR's Vacation Membership concept is a perfect match for my company's master plan." Mr. DiFrancesco stated, "My company is presently doing a private placement for $1,000,000 to begin production of a children's television series to be filmed on Cypress Island in Kissimmee, Florida. SOURCE North American Resorts, Inc.