Green Oasis Environmental, Inc. (GRNO) Message Board

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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Dec 31 4:00 PM EST

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To: michael Flynn who wrote (7358)	10/2/1997 11:33:00 PM
From: Hawkmoon	of 13091

All, Here I am again posting even though I promised not to for awhile.... :0) I found this in the Washington Times commentary section from Paul Craig Roberts. Here is an excerpt of what he has to say about the SEC (comparisons to IRS and FBI abuses..) Not intended as a SEC bashing expedition Mr. Rue, but merely as a notice that policy makers up here in DC are getting a little bit miffed at the abuses of governmental investigators operating with little outside oversight. ".... Or take the Securities and Exchange Commission. The SEC was set up to protect the public from securities fraud. Not content with this task, the agency over the years has expanded the minutiae that it regulates to the point that boards of directors have to spend most of their time and energy protecting themselves against punitive-minded SEC bureaucrats. Corporate boards must have law firms staffed with former SEC lawyers to protect them against innocent transgressions of a regulatory morass that could result in stiff fines and imprisonment.(Ron's note: Does this situation ring a bell??) One law firm recently advised its clients that "the SEC can seek criminal penalties which may include fines of up to $1,000,000 and prison terms" for any director who buys a single share of his company's stock on the open market and fails to report his purchase promptly to the SEC. A leading financial firm that is prospering and well managed recently underwent a SEC audit. Nothing whatsoever was wrong with the company's books or practices, but this did not prevent a SEC letter written in a threatening tone that radiated suspicion... EOM Folks, I live here in the DC area and I hear a lot of scuttlebutt from time to time. One of these days GRNO will have their day in court and the truth will come out. It will be up to the SEC attorneys to determine whether their efforts were "corrective" and in the shareholders protecting interest, or a destructive witch hunt. It will also determine the media spin that will occur once GRNO LLP #1 is operational (ie:officially acknowledged in public). I, for one, am intrigued at how all of this will eventually play out. 4 out of the 6 companies originally caught in last spring's internet "sting" are out of business. Amquest International is down to 13/32 from $6 3/4. GRNO bottomed out at $1 and has at least shown some life. We shouldn't even be here. That is probably the strongest indicator that all of our research and diligence has not been for naught. Spock Out... :0) Regards, Ron

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