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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA -- Ignore unavailable to you. Want to Upgrade?


To: Gary s Gilbert who wrote (434)9/30/1998 11:35:00 PM
From: Theodore G. Gresch  Read Replies (1) | Respond to of 1622
 
Gary, The facts are: NUOA will carry 6 million shares of FXWA on its balance sheet along with the warrants. They plan to shop the note for cash. Let's say the $180 million dollar note is discounted by 50%. That would bring the book value of NUOA over $2.00 per share. How they invest the cash would determine future revenue streams. The Tunisian casinos, post deal, belong to FXWA. If the Tunisian casinos fly, NUOA can reassume control by exercising the warrants. Sanders (FXWA) owns a construction company. It's likely he will be able to raise financing to build a casino on U.S. soil. Perhaps on Indian soil as ARET has purchased FXWA shares. I do believe some big things will occur in the near future. To be on the safe side wait until the financing comes in. Look at the company and separate that from OTC Communications.

Ted