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

To: campe who wrote (520)	10/23/1998 5:18:00 PM
From: Ken Sammut	Read Replies (1) \| Respond to of 1622

I was just told that a newsletter/service recommended NUOA earlier today which helped the volume. I believe the letter/service is by Jim Moon? Anyone actually see what he said? Thanks, Ken

To: campe who wrote (520)	10/24/1998 8:18:00 AM
From: Theodore G. Gresch	Respond to of 1622

GJC, I'm sorry I forgot about the warrants but your calculation did not consider NUOA's ownership of International or the required haircut (GAAP rules). Nor did you consider the 1 million shares NUOA owns of FXWA obtained in a stock swap agreement done back in May. I also used a stock price of $6 instead of $6.50. I'll try again. 7.8 million shares of FXWA x $6.50 = $50.7 million x 70% ownership = $35.5 million less 20% haircut = $28.4 million. $180 million note x 70% ownership = $126 million. 36 million shares (options) x $6.50 = $234 million less cost of options ($6 million) = $228 million x 70% ownership = $159.6 million less 20% haircut = $127.7 million. 28.4 + 126 + 127.7 = $282.1 million / by 69 million NUOA outstanding = $4.09 per NUOA share. Is NUOA undervalued? You bet it is! Ted