Green Oasis Environmental, Inc. (GRNO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

GRNO 0.00

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (9644)	7/3/1998 12:52:00 PM
From: Charles A. King	of 13091

Ron, I also am sorry you got caught up in this SEC mess. The numbers the SEC states are very small potatoes compared to the value of the technology. Any small company has a difficult time dealing with the forces against it which include government regulators. Sometimes regulators will cooperate and sometimes they won't. Green Oasis claims to have developed a mobile refinery that can convert waste oil into a low-grade diesel fuel. The SEC's Internet fraud unit started investigating the company in March 1997. It has taken 15 months to get this far and they still claim not to know anything about the value of the technology. I don't think the company claims to have developed a "mobile" refinery. That has never been my understanding, look at the pictures of it. And "low grade" needs to be defined. At least we see a step in the progress in this "investigation" which has taken 15 months to accomplish what should have taken 15 days. At the pace of the legal system that progresses at the rate fingernails grow, how long will it take to resolve this in the courts? The news article uses the term "purported tax breaks". The plant produces a synthetic fuel, according to the Environmental Protection Agency. It therefore should qualify for the Section 29 tax break as well as qualify as a synthetic fuel tax break for users of its product. The statements by the SEC also seem "misleading" which serve its own purposes. Charles

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next