Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Nov 6 4:00 PM EST

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To: Charles A. King who wrote (10747)	9/8/1999 4:50:00 PM
From: Norman H. Hostetler	Read Replies (2) of 13091

I also believe that the total package is worth c. $30 million to GRNO. I used that figure in my earlier post in calculating net worth to the stock holders of about $3.25 per share, after redemption of existing debt. I would expect "equipment deposits" and "notes" to refer to sales of processors, with GRNO financing some portion of the purchase price (they have anticipated doing so in the past, if company finances permitted, though they would prefer that banks front the money and leave GRNO out of it). Notes are probably payable from the net proceeds of the processors. "Common stock" and "warrants" refer to Kwikpower stock. If Bill has been sufficiently sharp, the warrants extend through the period of Kwikpower's anticipated IPO. Cash is cash. Given debts and the need for working capital, I doubt that Bill would settle for less than about $5 million in cash. It would be useful to know how many deposits on processors were included. The deal doesn't look quite so good if it's for 10, since at $2.1 million apiece, that's $21 of the $30 million in deposits and notes. Of course, a significant percentage of that amount is profit. I would cut my immediate net worth of the deal to stockholders to about $2 if this were the case. Long term, of course, it's worth a great deal more if the business plan can be executed satisfactorily. I am in good hope that we will finally see some financial records, though don't hold your breath--remember how long it's been since any were done. There's lots of catch-up work to do. +=+=+Norm

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