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Microcap & Penny Stocks : GIFS

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To: Charles A. King who wrote (7976)6/24/2003 2:40:11 PM
From: Charles A. King  Read Replies (1) of 8012
 
To further expand on a detail of my previous comments about GRNO's latest deal, and to keep this thread alive, I explain why this so called new power plant was to have been located far up in the Appalachian mountains rather than in the vicinity of a major metropolitan area. A major metropolitan area would have provided a nearby market for the plant's product, electrical power, while being close to the plant's raw product source, used lube oil.

The pitch would have pointed out to prospective investors that the plant would be using a dirty fuel and to deal with the complaints the plant would have gotten from the plant's neighbors, the obvious plan would have been to simply buy the neighbors out. It would be far cheaper to buy plots of worthless real estate high up in the mountains that had already been strip mined and would be worthless for farming rather than locate the plant in an urban setting. It would be pointed out to prospective investors that since the Bush administration is in charge of the government and Congressional Republicans are not concerned because of the public's lack of interest in the environment, they would be able to do whatever they wanted to do. The prospective plant's location would have been an incentive to invest in this plant that would have used GRNO's technology, based on that distorted perspective of modern business in the US.

Despite what the GRNO web site claims, it is necessary to go far, such as to Europe, to find a large source of used lube oil. In the US, used lube oil is simply burned for various uses, as is, without being processed except to remove water. The GRNO process is simply not necessary in the typical power plant.

As far as I know, nothing ever came of the idea and I do not expect any plant to be built, based on that or any other pitch.
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