Green Oasis Environmental, Inc. (GRNO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Dec 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BACRDI who wrote (4221)	4/21/1997 8:58:00 AM
From: Zeev Hed	of 13091

BACRDI: Now you are being injenious, and a little off, a number of people have explained to you that order and sales have a bookkeeping time lag. Sales can be recorded only on shipments, orders go into the backlog and cash received go on the balance sheet as an asset and as a liability until actual shipment occurs. Now, you either say you do not believe these orders are real, but then you also must explain the huge (about $1,700,000) reversal in the cash position of the company (from about negative 700 K to about positive 1 MM). Where do you think this cash came from? Rambling the same arguments over and over does not make them more valid, particularly in view of the fact that you have been provided with rational responses. When actual delivery of these system is to be expected is a valid question, and I will answer it to you herewith. When the target customers have finished their site preparations which include a pile of paper work and certification from their own local authorities. That may take time and is not dependent on GRNO. Therefore, they use the money to build a unit which they will use themselves until shiped. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next