Andrew,
I want to take this opportunity to once again reemphasize that I am not a paid representative of GRNO in any way, shape or form. I am an investor who realizes that, while the balance sheet may not be what we would all like, the company certainly seems to have the technology to do what they claim. Marty Huppert, a friend that I met through my dealings with MSU newsletter, is a chemical engineer working on just this very topic of waste oil management with EPA and US AID (Agency for International Development) He saw everything that Bill sent to me, and is very acquainted with analyzing financials as well.
We both basically concurred that GRNO's fate rests on being able to
reassemble and demonstrate their processor. Marty agrees with me that the technology is simple, yet innovative, and being that the GRNO's software, (the process being completly automated) is proprietary and governs the specific parameters that are necessary to achieve efficient, that their technology is not easily duplicable. The business strategy is sound. Marty and I both agree that Bill is extremely forthright and is not afraid to discuss the "dirty laundry", ie.. lawsuits, cash flow problems, and why the company was shut down due to the local political situation over zoning. Hell, Bill even frankly admitted that he had erred when his originally chose the site in Mt. Pleasant, SC (Ritzy) instead of setting up in an Industrially zoned area. He has been extremely honest with me.
I could into detail on the lawsuits, but I will leave that for the company's representatives, Bill and Spencer. I "CAN" tell you that if you bother to ask the same questions that I did, you will also realize that for each suit between EOS, Lifesource, and GRNO, the company has a counter-suit involving... well, let them tell you.
I'm not the answer guy!!! I'm not a representative either. All of you have the same opportunity to type a little message to Spencer at BFiore4054@aol.com and I can tell you that he very courteous, knowledgable and timely in his responses. You can also reach him telephonically at 847-266-2055. I have regular contact with him. I would advise and implore any other interested parties to do the same.
If you can't afford the phone call, you shouldn't be in the stock market, let alone this stock.
Andrew, to answer your questions on solid waste removal it is covered in the investor's packet I believe. If not, then the basic skinny is that there is little solid waste, but what there is is easily disposable in non-hazardous manners. Transmission fluid is oil, right? The main difference is that is has a dye added to connotate that it is transmission fluid and possibly contains different additives when sold new. However, that doesn't change its basic properties. It is still oil and still refinable. Now whether they can handle waste oil that has been comingled with glycol (anti-freeze), I really don't know. However, I'm sure that it could be easily separated. Every other process would likely have to do the same. Why don't you e-mail Bill at grno@awod.com and ask him just that question.
Just because I fervently want to see this company, (as well as my stock... :0) succeed, noone in this forum should ever solely rely on my comments as a reason to invest in GRNO. I don't like being a crutch. However, I LUV discussing constructive issues regarding the future earnings potential, technical questions, and other issues of interest to INFORMED investors.
Andrew, e-mail me your phone number if you are local to N. VA and we can discuss on a landline. I help you in any way possible to find the answers to your questions. However, I do have another life besides chasing stocks... unfortunately.
Regards,
Ron |
