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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 26 4:00 PM EST

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To: Zeev Hed who wrote (4655)5/7/1997 7:29:00 PM
From: Hawkmoon   of 13091
 
Zeev,

I think that your assessing the situation correctly. GRNO has to manufacture the units (for which they derive revenue/earnings), and then install them before EVSI is ready to begin production. IOW, this is a MAJOR STEP for EVSI and I don't believe that they have entered into it likely. They have obviously done their diligence by visiting Charleston, know what the potential is and have elected to shift their focus to take advantage of an extraordinary opportunity.

But what is most important is that this news release was generated by EVSI. It was not announced by GRNO, but rather carried concurrently on its newswire. EVSI is a fully listed NASDAQ company that is convinced that GRNO technology works. The fact that they signed a letter of intent with RecOil, a reseller, rather than GRNO would lead me to believe that they are convinced that EnviroEconomics works and now it is merely a matter of discussing the terms between RecOil and EVSI.

Remember RecOil will be a 50% partner which likely means that they pick up a substantial amount of the costs. Combine resources and this could move faster than anyone expects.

Regards,

Ron
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