Hey all!!
I understand that the news release was out late this afternoon and that Spencer was contacting various brokers to alert them to the implications. We now have a minimum of $1,500,000-2,000,000 added to the total number of orders in 1997, with a similiar amount pledged for the next 4 years.
Turkey is a country that currently has minimal infrastructure for collecting waste oil on a large scale. I'm sure that Maneks will be rubbing elbows with the powers that be in order to facilitate the issuance of the proper permits. It also may be the reason that they are only ordering one per year. However, the news release stated that these orders were a minimum and I'm positive that given proper development of the local infrastructure and waste oil market, they will likely be ordering additional processors. It only makes sense.
This is partially what I was referring to when I stated that the news release regarding the quality of GRNO diesel was only the beginning of the story. As the story continues to circulate, more and more interested parties will be paying Bill Carraway a call and likely ordering additional units.
Any contrary opinions out there?
Regarding GRNO status, I have mentioned that my wife was purchasing shares last week, mainly due to the perceived importance of ALLN's presence in GRNO trading. We figure if they are accumulating, then who are we to argue. The shares we purchased last week will be held for probably 1-2 years regardless of volatility. We will not be selling them unless GRNO's fundamentals suffer a serious setback. (unlikely in my opinion.) What we have just done is "lock-up" a quantity of shares (sizable for us) in what we now consider to be an aggressive growth company. It is not for trading and we will likely just remain content to monitor the company's progress over the next year and assess the appreciation of our equity investment.
Trading is nice, but when you think the chips are down, mmkrs can use your doubt against you, chasing you out of your position because you are attempting to trade the daily-weekly highs and lows. My previously acquired position may be traded from time to time, but what we bought last week will hopefully, with a lot of patience and continued diligence, allow us to move closer to early retirement... :0)
Just so you understand my perception of investing. Good luck to all of those daytraders out there.
Regards,
Ron |
