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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 22 4:00 PM EST
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To: John B. Ray who wrote (7222)9/20/1997 12:51:00 AM
From: Norman H. Hostetler   of 13091
 
John, last I heard GRNO had no interest in being the general partner in another limited partnership--they did this one primarily because it was a quick sale bringing in cash and at a location where they could continue to use it for R&D.

Now if you want to scare up a bunch of partners on your own and purchase a machine for elsewhere, that's another matter entirely--GRNO doesn't care what kind of basic structure your business takes. They'll sell you the machine for the same price they'd sell it to anybody else. You'll need $2-$2.5 million for the processor (assuming you want the biggest available), unless your able to arrange reasonable financing (can probably do this for 50% or so of the cash you raise), and another $.5 million for site and improvements (can get by with less if you lease land and office), and you want rock solid agreements about where your feedstock is coming from. If you can raise significantly more money, you can probably buy a turnkey operation in Commerce City, CO (Denver suburb) that's presently collecting about 4 million gallons a year (this is the one that GRNO was going to buy before the SEC fiasco). Of course, the general partner needs to know enough about the waste oil collection business to run it successfully (I hear a lot of hairy stories about underhanded dealing and putting fast ones over on newbies in the trade) and enough about petroleum engineering and chemistry to keep the processor running and maintained at top efficiency.

If all the above is no sweat, let me know--I'd be interested in a small piece of the action.

=+=+=Norm
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