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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 3 4:00 PM EST

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To: NW_Trader who wrote (4154)4/18/1997 12:05:00 AM
From: Eric Hathaway   of 13091
 
To all:

Could this horrible sounding paragraph from the 1st qtr report have anything to do with the drop in price?

"Commercial production of the Company's products will require
additional work to increase the output capacity of the Units to a
quantity that is acceptable for profitable operations. Additional
costs may be incurred for engineering consultants and modeling to
improve the Unit for commercial success. Consequently, Green Oasis
has not completed all the research for its Units, and should it be
more extensive than now believed, there can be no assurance that
it will be able to successfully obtain the financing to complete the
Units."

I recognize that disclaimers are required, but this doesn't sound very encouraging to me.. Comments anyone?

Eric, still long in CT
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