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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: Jack Kanak who wrote (6707)7/11/1997 6:19:00 PM
From: Hawkmoon   of 13091
 
Jack,

Thanks from a fellow shareholder for keeping an eye on the store while we were distracted... :0)

It is indeed encouraging to see GRNO issuing press releases once more, especially with the flow rate reports for final product. We limited partners had the information already due to our interest in the machine, but I was waiting for GRNO to officially release it before discussing the results.

Keep in mind that GRNO has been limited to running at 275 gallons/hr due to the constraints of the antiquated 1993 DHEC permit. This machine will clearly produce much more than 192 gallons of diesel per hour once the governor(ie:"ment") is removed from the equation.

Obviously, we all realized that the AOS acquisition was a non-event once the SEC halt commenced. Better to get this company in a financially stronger position and THEN commence buyouts of waste oil collectors. But who knows?? I'm sure that Bill is keeping GRNO's options open for the immediate future.

Finally, an opinion. Knowing that John Andersen's law firm has been replaced by a VERY highly regarded firm in Atlanta, Rogers & Hardin, I'm convinced that all future news releases on GRNO's part will be in full compliance with SEC wishes. It has been 4 months since the SEC first began their investigation and we haven't seen a criminal complaint filed against GRNO as of yet (knock on wood... :0)
Seems to me that this situation will eventually fade in nothingness. (If the shareholders permit it... :0)

Not pleasant to think that the SEC will choose not to offer an explanation for its actions, but life must go on. My opinon, if a substantial action were to be taken by the SEC against GRNO, it would have happened by now.

Any nay-sayers out there? Please offer some form of precedent example... :0)

Regards,

Ron
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