From the 10Q:
>>>>Results of Operations
Green Oasis is a development stage company which was organized as a
Florida corporation on September 24, 1991. Since its inception Green
Oasis has been engaged principally in product design, development,
testing, production, and patent application activities and in the
pursuit of selling distributorships for the exclusive right to
distribute its waste oil conversion equipment (the Unit or the Units)
known as EnviroEconomics Systems in various geographical areas of the
United States and other countries. It has also begun developing
markets for the EnviroEconomics Systems and had shipped three Units to
customers by the end of 1994. One additional Unit was sold in the
first quarter of 1997 to GOE Plant Partnership I, L.P. (the
Partnership), a South Carolina limited partnership whose general
partner is Green Oasis.<<<<<<<<<<<<<<<<<<<,
This says to me that only one unit was sold in the 1st quarter of 1997.
So does that mean these press releases were fraudulent? Just a question???????
>>>Charleston, S.C. - January 6, 1997 - Green Oasis Environmental, Inc. (OTCBB: "GRNO") today announced that it had received a firm order on December 31, 1996 for three Model 600 EnviroEconomics TM processing units from RecOil, Inc. The Company reported that it has received the initial deposit on the $1.8 million purchase price of the first unit, which is scheduled to be delivered in April, 1997.
Charleston, S.C. - January 7, 1997 - Green Oasis Environmental, Inc. (OTCBB: "GRNO") today reported that it has received a purchase order for four Model 600 EnviroEconomics TM processing units from Midwest Fuel Refining, Inc. for a total of $7.2 million.
Charleston, S.C. - February 3, 1997 - Green Oasis Environmental, Inc. (OTCBB: "GRNO") today announced that it had received a signed contract for the purchase of an EnviroEconomics TM Model 400 processing unit for $1,650,000 from Research Fuels, Inc. of Somerset, N.J. Financing for the unit, including a downpayment of $500,000, has been arranged by Research Fuels, Inc. with Citicorp.
We were led to believe that these were for real. Now Ron Reece say Bill C isn't concerned about a buyer. 1st one up to the plate and all that BS. I think it should become painfully obvious that something is a miss. If you can't believe a companys written PR's. How in the hell can you believe there hopes or future promise.
I would like to know what happened to these buyers Ron. And yes I will call Spencer on Monday, for an answer. But it appears obvious that the company now says its only sale in the 1st quarter was to the partnership. IMO, I guess all the sales were azpparently a way to keep these little stocholders holding on.
According to the price, I think the truth is slowly becoming apparent to all. From the warnings in this statement, I wonder if there will be a shareholders meeting
Ron |
