con't from previous post...
GIFS was the first red flag that caused the SEC to really look at GRNO. The quantity of postings out here from shareholders of both companies. Paul.. the big difference betwen GRNO and GIFS is that more than a few individuals took their time and trouble to personally visit the company and inspect the technology first-hand. People understand this company. Otherwise they wouldn't still be trading even in the "pink sheets".
Furthermore, the company has publically stated in its 10Q filings that they believe the SEC will not exact any financial penalties against the company. They wouldn't have been bold enough to state this if they didn't have some reason for believing it.
Finally, it is apparent that the company's former attorney may be responsible for a great deal of the problems this company has faced. John Andersen was alledgedly a securities specialist in his law firm. However, it is apparent that he may have been derelict in his fiduciary obligation to the company in maintaining proper legal status and meeting SEC and state securities requirements. That is what he had been hired to do, and the fact that he failed to even register GRNO's securities with the S. Carolina securities commission displays the level of his dereliction. Btw, Mr. Andersen apparently no longer practices law. He resigned from his law firm this past September. That should raise a few eye brows in itself.
Paul, I'm not telling you to ever/never invest in GRNO in the future, but I think you need to do a little more research into the facts as they stand... especially as they pertain to myself.
As to other less speculative stocks being out there, I freely admit it. GRNO is by no means out of the woods. They still need to lock in contracts, and commence manufacturing of unit for delivery. The next months will tell us how bright GRNO's future will be.
Feel free to contact me by email if you wish more information.
Regards,
Ron |
