Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Dec 8 4:00 PM EST

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To: Charles A. King who wrote (8807)	2/23/1998 12:21:00 AM
From: Eric Hathaway	of 13091

Charles, Ron & all, I mentioned Rich Coast the other day, and have done some additional reading, most importantly this: sec.gov A 10 minute scan brought forth (in rough numbers): 1) They are proposing a reverse split 2) 17.7 +- mm shares outstanding, but insiders hold currently exercizable options for another 5.5 mm at prices between .18 and .25 3) CEO owns 20%, Pres 12.7, all directors & officers = 31% of outstanding shares (little chance of the reverse split NOT being approved) Another guy has an option to buy 3.6mm shares at .30. good for another 8 years Their revenues are increasing nicely, but this looks like a trap to me. Eric

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