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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 5 4:00 PM EST

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To: Andrew who wrote (4302)4/22/1997 2:20:00 PM
From: Charles A. King   of 13091
 
Andrew, that's what I was going to say. Investors want to see some outside buyers belly up to the processor bar and plunk down some cash deposits. And I do believe we are in a major bear market for microcaps. Investors in the stock market have been waiting for a major correction for a long time, and have stayed mainly in the nifty fifty, hoping they would drop the slowest when the bottom starts dropping out of the market.

As far as running higher than 800 GPH, the communication from GRNO was that liquid instead of gases are coming out and running to the TO. Didn't sound good to me. Foreigners may try to redline the operation as the Idaho customer may have, with adverse results.

Bill told me the LP unit output was limited by the stack capacity, which sounds like what he was saying in the release. All other components of the system, such as pumps, have already been upgraded.

Charles
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