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

To: jmt who wrote (723)	11/3/1998 4:50:00 PM
From: Ken Sammut	Read Replies (1) \| Respond to of 1622

JMT, >>>Credit without collateral in a new entity without a history of profitability is difficult if not impossible>>> I agree 100%. I expected NUOA would have to offer collateral to receive the loan. I expect they will have to do (or FXWA) will have to do that with all the properties they purchase. Otherwise they would have little chance in purchasing any properties. I was assuming they would use the actual property (Gammarth) as the collateral not stock in the company. Is the European lender a bank or venture group. I was under the assumption it was a bank. Maybe I am wrong. Ken