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

To: Theodore G. Gresch who wrote (689)	10/31/1998 11:46:00 AM
From: Gary s Gilbert	Read Replies (2) \| Respond to of 1622

FXWA reported income on last SB= zero Tangible assets: their portion of Tunisian casino would require an audit, and although GROSS reported casino income has been informally reported by NUOA, no report of NET income. FXWA debt position= minimum 180 million plus mortgages, paying officers and consultants in stock. (Bernstein stock and notes). FXWA has not listed # of outside shareholders. NASDAQ places emphasis on liquidity. My guess is trading has been windowdressing amongst principals to provide illusion of stock movement. NASDAQ officials are not idiots. FXWA three year history: no operations. Governance: complete turnover in Board, recently switched from Board of TWO to 5. Single item NASDAQ might consider: stock price, yet suspicions would be raised in absence of any underlying value. yep this one has legs.