The good doctor is merely expressing his opinion as we all do. His opinion is based on the last 10K which we all know reflects the quasi bankrupt condition of GRNO. Examples of opposing opinion come from people more closely associated with GRNO such as:
Groups who have done complete financial and process due diligence on GRNO include:
a) Allied Terminal, Inc. subleasing the Exxon location. Both reviewed and approved GRNO for not only a 20 yr. lease, but site modifications. (Would you lease an apartment to a tenant who was going to knock out a wall and was financially weak with no job?)
b) M&K Engineering, and Environmental Resources Mgmt. Both reviewed GRNO and the company's waste oil system before agreeing to a "project by project" relationship.
c) The construction contractors. This includes both the on site plants and assembly operation. Contractors do not work for free.
d) Joint venture with Texaco, PetroPeru, ShellPeru, Mobil, and NAINCO.
e) Note holders and Vendors converted debt to stock instead of cash. Total of $1.5 million.
f) NYSE member firm agrees to provide expertise. Companies the size of GRNO usually don't get in the door of an NYSE firm. Ask your broker if he will work for free?
3) Lawsuits. There were 3 and were dismissed on terms favorable to GRNO and shareholders. Call Tecumseh if you want details. 847.266.2055. They will call you back on their quarter or email at MicrocapCC@aol.com.
4) Making $$$$. If it weren't for hurricanes, tropical storms, etc., and other unavoidable delays, it would have been done much sooner. They would be assembling, selling, and making money. Remember, GRNO had an operational assembly plant in Mt Pleasant. The thermal oxidizer has been partially paid for and will soon be delivered.
5) Does the process work? Citgo was buying all GRNO could produce while operational in Mt Pleasant. Fluor Daniels evaluated and gave a positive review/recommendation on the process (call for documented proof).
Charles |
