Flynn, not being familiar with the acronym SWAG, I am guessing that you are looking for "Some Wild Annotated Guess". So here it is.
If I put myself in GRNO management's shoes, and assume that I have influence (by settling rapidly with a nolo contende and a promise to never do it again, whatever it is they should never do again) on such timing. The following would be my approach. There is nothing to gain right now from the acceleration of normal trading in my shares until I have some concrete good news to deliver to the market place. The market will no longer accept letters of intent, visit by foreigners and promises to buy, the market will want definitive non cancellable orders, preferrably, each with some nice down payment. Well, I am not going to get many of these until the partnership's unit has at least some three solid months of profitable operation under its belt. In the meanwhile, I am going to get all my ducks in a row, namely, settle with the SEC including beating on my chest three times for slightly overplaying my cards. Next, I'll make doubly sure that the current system operates flawlessly. Third, I will recontact the prior list of "pending accounts" and determine what is required to close these. Then I would proceed to achieve those things required to close these acounts, and once I am ready, and I know for sure that I can show some very positive results, then I will forward the appropriate information packages to the MM's so they can resume BB trading in my stock. My first few announcements would be well spaced, first, settlement with SEC, second reinstatement on the standard BB (out of the pink) trading, announce production rates and profitability of the partners' unit (probably first to the partners, then publicly), then close few sales. Even if I had five sales all closed up, I would find good reasons to recognize them only one at a time, justifying coming back with solid news releases. If all this was executed flawlressly, the stock should again represent the future of the company, and now can be used as a barter in starting to implement my original business plan, namely, consolidate a number of smaller waste oil collection operations, and start building the distributed waste oil recycling franchises I planned all along. Timing, as best as I can guess, not before the beginning of 1998. Timing of the string of "good news, 3 weeks apart for a good solid six months. Restart the original business plan (the establishment of the "franchise"), probably not before a year from now.
I hope Carraway, does not mind me trying to put myself in his shoes. I hope the SEC does not either.
Zeev |
