Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Jan 2 4:00 PM EST

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To: Martin Savitska who wrote (9799)	8/31/1998 12:53:00 PM
From: Norman H. Hostetler	of 13091

Marty, I believe that you are correct in characterizing the SEC consent decree with GRNO as a slap on the wrist. There are no apparent present penalties against the company of any kind. However, a subsequent violation of any of the provisions will be seen as a violation of a court order, so the SEC could seek immediate injunctive relief without the necessity of their normal lengthy procedures. By contrast, the SEC suit seeks "an Order requiring Carraway, O'Brien and Reece to pay civil penalties persuant to [Securities Act] and [Exchange Act]," as well as disgorgement of "all ill-gotten gains or unjust enrichment," and "such other relief as may be just, equitable and appropriate in connection with the enforcement of federal securities laws and for the protection of investors." An example of such "other relief" might include disqualification to serve as an officer or director of a publically traded company. =+=+=Norm

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