You pulled out and asked:
"From the 10Q...
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???????"
Then pulled out some more:
">>>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...."
Then you jump with sniper activity hidden under the cover of concern (as you have consistently done) and say:
"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."
Either you're trying to start a ruckus (very likely), or you don't understand business (or think a lot of GRNO investors and would-be investors don't).
1. It is common to do PR on a deal, but not record the deal until the buyer has his ducks in a row. I can point to multi-million dollar deals announced by major corporations (many in the Fortune 500) who do the same thing. It is common practice.
For GRNO, these "deals" represent future revenues as soon as they are consumated with $$ from the buyer. Do I expect any of the deals to drop out? Sure, that's normal business. Do I expect, say, 50% of the backlog to drop out? No way. Would I like a shorter time frame between announcing a deal and its consummation with $$ deposits? You bet. But, I'm also realistic - new technology and techniques (anything new) need as much positive PR as possible to overcome the commonplace "wait and see" attitude prudent people have. Doing PR on deals shows people have done their technical DD on the technology/techniques sufficient for them to put their name out in public and say, "Yes, I'm going to buy this."
Bottom Line: The buyers are still there, just not the revenue (yet). Frustrating? Yes. Serious situation? No.
2. Stock price has more to do with investor/market psychology than anything else. Slowly decreasing price is common among OTC/BB (and other) stocks. Like all stocks, the "interaction of the human emotions of Greed and Fearrepresents determine the price of a stock." (Quote from Jesse Livermore, which was made over 60 years ago.) Right now, frustration and impatience for a quick "score" (measured in days through a few months), often reinforced by not filtering the enthusiasm found on threads like this, turns into fear, which results in sales to the greedy who see beyond the near-term. This kind of short vs. long-term issue has been raised MANY times on this thread and others. For example, one reason to get in at the very low price levels is to maximize the return on the investment. Everyone hopes for maximum return in the short-term, but it is far more common for maximum return coming over 2-3 years for a company like GRNO.
3. "Keeping the little stockholders hanging on" is a pretty good reason to hand out PR statements about deals like the one your cut and paste in your message. PR is also an excellent reason to keep BIG stockholders hanging on as evidenced by 4 Intel and 7 Hewlett-Packard PRs today (4/21), and 5 American Home Product PRs since 4/8. Information is important, even if it is misunderstood and misinterpretted by you (or whatever your agenda is).
4. "According to the price, I think the truth is slowly becoming apparent to all."
What truth? That there are some who need or want to get out of GRNO (Fear side, perceived more risk, take some profits now) and others who want to get in or expand their position (Greed side). Do you not understand that no stock transaction can occur without a Fear side and a Greed side? The only truth that's apparent, as I noted above, is some Fearful are no longer comfortable with the timing of results, which for them individually is increasing in risk. Other Fearful want to take some profits. (Also, there are daytraders who work both the fear and greed sides, i.e. build incremental profits timing a stock intraday or interday to gain from its real or perceived volatility (common among OTC/BB, not to mention the falling momentum tech stocks and others.)
5. "From the warnings in this statement, I wonder if there will be a shareholders meeting." Ohh, so ominous. Can you Darth Vader breething on the screen. Can you hear the Emperor saying, "I have foreseen it." Ohh, I'm scared. How many dumb people do you think will fall for such blatant manipulation? Warnings are there for CYA, come from prudent people not trying to mislead others, and because there are legal/regulatory reguirements for such disclosures.
Any other "evil empire" manipulations you want to share with us poor, retarded peons? Are you going to strike us down with you light sabre? Come on, I need a good laugh. (I've been grinning ear to ear while I write this.) |
