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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 8 4:00 PM EST

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To: Sergio H who wrote (6767)7/17/1997 9:20:00 AM
From: Zeev Hed   of 13091
 
Sergio, I was attracted to GRNo because I felt it filled a market requirement which I defined at the tiem as "distibuted Waste Oil Processing" (as opposed to centralized large size system). I then proceeded to analyze the market and come up with a potential price of $11/share within 3 years (it was so long ago, well not really). I bought at various prices and am fortunate to have a relatively low cost. I am not buying now despite the fact that the current price (1.25 if I can get it) is below my average cost, because there is a good probability that this may be dead money for possibly another year (I sure hope not). I think that eventually, if the cvompany survive it will see prices of $10 or more again, but in the interim, we may very well break under 1 and then I might consider adding to my position if the technicals and fundamentals indicates that it is still a worthwhile speculation.

Zeev
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