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

To: ghostme who wrote (710)	11/3/1998 9:23:00 AM
From: Coolbreeze	Respond to of 1622

Item 4. Purpose of Transaction: The purpose of the acquisition of the subject securities by the Reporting Person was for investment purposes. The plans or proposals which the Reporting Person has which relates to or results in: (a) The acquisition by any person of additional securities of the Issuer, or disposition of securities of the Issuer: Subject to obtaining additional financing, the Reporting Person intends to purchase additional shares of the Issuer's Common Stock in private transactions or in the open market, dependent upon the sources of such offers to sell and prevailing price of such shares at the time the Reporting Person's financing becomes available. Additionally, the Reporting Person may cause the D Preferred Stock, over which he has shared voting and dispositive power, to be converted into shares of the Issuer's Common Stock. (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries: Subject to obtaining adequate financing, the Reporting Person intends to significantly increase his personal equity ownership in the Issuer and, pursuant to the terms of the Term Sheet between the Issuer and a European bank, as a condition for the subject bank to complete a loan to certain of the Issuer's subsidiaries, to cause a reverse split of the Issuer's Common Stock. We know that they need financing to continue operations and if you read the bold print you will see that they already have a Term Sheet together from the European bank to get a loan. However, as a condition of completing the loan NUOA must first do a reverse split on their common stock. Of course they are going to tell you/us that they don't want to do a RS... hell... I'm sure they don't.... but facts are facts... They need financing, they have a European bank willing to give them a loan only they must first do a RS on the common. I just call em as I see em. Sorry if it makes you/anyone angry. Take care, CB