Here is an excerpt from Ron's GRNO #8, edited to fit the field.
This news signifies that GRNO is accomplishing its plan to sell off its one
400 gal/hour processor to the limited partnership that is 10% owned and
fully operated by GRNO. This will result in releasing considerable cash
that the company can utilize to reassembling the unit, as well completeing
additional partially completed units it has in Charleston. All of the
sales of the partnership units will be applied to quarterly earnings. (They
were paid for through R&D expenditures, and now count as a sale of
equipment.)
The release yesterday of the sale of the unit through advertising on the
internet is just the first of many likely sales to occur in the future. I
spoke with Bill last night and he admitted that he was flabbergasted at the
power of internet marketing. I repeated my above statement to him and he
agreed it was likely. He also briefly mentioned that the rising price of
the stock will now make the partnership units more attrative as they include
warrants to buy GRNO at $3.50/shr within 6 months after closing the
partnership offering. I believe each $50,000 partnership unit included
warrants to buy 15,000 shares at $3.50. Now that the size of the units has
been quartered to $12,500 a piece more of the small fry can now buy them,
and be justly rewarded as the stock price goes up.
BTW, one of our readers sent me a message congratulating me for the
hard work and hoped that I was being justly compensated by GRNO. I wish to
repeat that the only money I make is when my stock position in the company
appreciates. It also gives me a warm and fuzzy feeling to help emerging
growth companies like GRNO get their story out to the market. Some would
say that should be enough, but I "AM" a capitalist as well...... :0)
*********************************************************
CHARLESTON, S.C., Sept. 4 /PRNewswire/ -- Green Oasis Environmental, Inc.
(Nasdaq: GRNO) today announced the sale of partnership interests pursuant to
Regulation D under Rule 505 for its Private Placement for the GOE Plant
Partnership I, L.P. This notice was formally filed with the SEC 15 days
after the sale of the first unit and is intended to meet SEC disclosure
regulations.
William D. Carraway, president, stated: "We are very pleased to announce the
sale of the first units for this Limited Partnership created to acquire and
operate a Green Oasis EnviroEconomics(TM) distillation processing plant. The
returns available to investors in this partnership should not only exceed
those experienced from many alternative situations, but are also expected to
exceed those expected from the level of risk being assumed."
Green Oasis Enviromental, Inc.'s patent pending process converts waste oil
into ASTM No. 2 diesel fuel in a one-step process of thermal cracking and
distillation. The company manufactures its own processing facility as well
as markets it to others.
++++++++++++++++++ I think that covers the material stuff from Ron. Everything has been mentioned or posted at least once on this board now.
Charles |
