Howdy Gang!!
A couple of issues here.... First off, it looks like Bill Carraway is already starting to think big. He wouldn't bring on a NYSE firm if he wasn't serious, and they wouldn't be associated with GRNO unless THEY believed that the company could do everything Bill has said they could....
Second, those of you with AOL access already know that someone going by the name of "Real Deal" has stated falsely that Spencer Maus believes that the stock is reasonably priced at $2 5/8. This is a complete lie according to Spencer, who I spoke with this evening. The information was heard by some brokers out there who follow the stock and reported to Bo O 'Brien. Spencer was quite vigorous in defending himself and his opinions. He and Bo don't know where he is posting these comments at. I would appreciate those who may have prodigy or compuserve do a little research and see what you can turn up. Thanks.
The "Real Deal" that we have here, IMHO, is that the short sellers were caught by surprise by this weeks news, which was kept extremely QT. No one knew anything specific about it, including me, I had no idea that they were going to announce it this week. Anyway, we all saw the price jump up on moderate trading, with heaviest volume during the final 20 minutes of trading. That is indicative of short covering by MMkrs'. I still think that there are still some short positions out there that need to be covered and that accounts for the selling. Someone is trying to get the price down to where they can reliably cover their "butts".
What this presents is a golden opportunity to SQUEEZE the heck out them for artificially holding down the value of this company and our shares. "In my opinion", those of you who are still on fence about the company are seeing a GOLDEN BUYING opportunity that will force those remaining shorts to concede and look elsewhere for easy money. The shorts are running on borrowed time and they know it.
The ground has dried out in Charleston, SC, and I fully expect a press release announcing the laying of the foundation for the unit sometime in the next week to week 1/2. It was promised weeks ago by Bill and Spencer. I know that it is soon to come, and THEN, watch out as all of the former local "private" shareholders suddenly realize the error they made when they sold thinking the the company was going under. They will start buying back in. They know what the company is all about. That is why they were private shareholders in the first place. I think that this week will be the last opportunity to buy under $3/sh. The announcement today lends solid support to the company and its visibility. More folks are going to know about it, and are going to start buying. What are you going to do? If you still haven't done your research, call Spencer at 847-266-2055 and GET READ ON to this story!!! E-mail to BFiore4054@aol.com and have HIM call YOU.... :0)
I want to see the shorts hurt tomorrow. Buy knowing that the ultimate good news that concrete is being poured lurks somewhere in the near future. This will bring in the local Charleston, SC buyers. They have quite a grapevine down there, I understand. They will see that the company is starting up again. (Hum... Bubba, do ya thank we all made a mistake sellin' that there GRNO like we did....???..... :0)
CHARLESTON, S.C., Sept. 25 /PRNewswire/ -- Green Oasis Environmental, Inc.
(NYSE: GRNO) today announced that it had retained a New York Stock Exchange
Member Firm to provide corporate finance expertise to assist in its future
growth and development. The company recently ascertained that it met the
qualifications for Section 29 Tax Credits for Producing Fuel from a Non-
Conventional Source under the Internal Revenue Code of 1986, as amended.
These tax credits, which amount to approximately 13.7 cents per gallon or
$5.76 per barrel of oil equivalent based on 1994 inflation adjusted prices,
were enacted to encourage energy conservation and development of domestic
energy production and can be transferable through the sale of ownership
interests. The company's Model 400 system, which generates $857,000 in annual
pretax profits, would qualify for in excess of over $565,000 of annual tax
credits, or cumulative credits of over $6,780,000 per unit placed in service
prior to Jan. 1, 1998 under the current regulations. Green Oasis believes
that the implications these tax credits will have on its growth rate and
capital needs require the expertise and financial capabilities that are
typically available only to larger entities.
William D. Carraway, president, stated "We are extremely pleased to enter
into this relationship, not only because of the ability to accelerate our
domestic production and strategy and capitalize on this opportunity, but also
because of the wide range of financial expertise and abilities our new partner
provides us with. In addition, this relationship will provide us with the
contacts and access to the broader universe of institutional investment
managers who seek to invest in the publicly traded shares of high growth,
small-cap companies."
Green Oasis Environmental, Inc.'s patent pending process produces
synthetic fuels from waste motor oil in a closed cycle, one-step process.
The company manufactures its own equipment for its own facility as well as
markets it to others.
SOURCE Green Oasis Environmental, Inc.
CO: Green Oasis Environmental, Inc.; Microcap Consulting & Communications,
Inc.
09/25/96 10:59 EDT prnewswire.com
In a side note: I've been having problems with my I-net connection lately. I often find that I can't download mail as my program gets "stuck" in the download mode. If anyone has something urgent to tell me, I know that my AOL address works, even though it takes up to a half day for mail to be delivered. That address is RReece7297@aol.com .
Regards,
Ron
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