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

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To: DIVER who wrote (4209)4/20/1997 8:29:00 PM
From: BACRDI   of 13091
 
Diver,

I know this will recieve a lot of flack but I found this new note on thwe 10q that wasn't on the 10K. Seems like someones trying to cover thier ass from more than they were in the 10K.

You may be closer to right than they wanto to believe.

>>>J. UNCERTAINTY - GOING CONCERN

The Company's continued existence is dependent upon its ability to
complete development of its products to meet design specifications and
regulatory requirements as well as to continue production. Without
fully operational products, adequate working capital, and regulatory
approvals, there is substantial doubt about the Company's ability to
continue as a going concern.

Management continues to modify and develop its products and to pursue
regulatory approval. However, there is no exact date determinable
when either will be achieved.<<<<<<<

"Substantial doubt about the companys ability to continue as a going concern".....................Sounds like more than a strong warning to me......................Sounds more like a promise of things to come

Ron
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