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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 20 4:00 PM EST
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To: buzzcut who wrote (4677)5/8/1997 8:58:00 PM
From: Hawkmoon   of 13091
 
Charles,

Sorry about that... :0) I meant to answer you yesterday.

As reported the week of the "fire sale", we have seen the last of the Rhud(spelling?) Estate sale. When these shares came through in 2 50,000 blocks, they weigh excessively over the stock and brought the price down to where we are now.

As I've stated, chartists would interpret that as a sign of weakness without looking at the fundamental reasonings behind the sell-off. When estates sell equities, they seldom utilize subtlety in their tactics. They just tell the broker to put it on the market and thus you see it come through as 50,000 share chunks trying to get sold at the best price available.

And Bill C. claimed his salary compensation while the stock was trading at a low before the recent news came out. IOW, he didn't want to be criticized by shareholders for selling at a higher price. He said this will be a standard practice in the future as well. (I don't quite understand his logic, but I certainly respect it... :0)

So to answer your question.... yes, the estate sale is over and has been for two weeks. We're are consolidating and beginning to build a strong base at $5 if today's trading is any indicator.

This is the narrowest spread that I have ever seen for GRNO. $5 x 5 1/8.

Regards,

Ron
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