Green Oasis Environmental, Inc. (GRNO) Message Board

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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Oct 31 5:00 PM EST

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To: R KIEFHABER who wrote (13026)	5/20/2012 12:47:11 PM
From: Max82	Read Replies (1) of 13091

Debt facility provided by TCA Global is for total $ 2 million, so does the one time Ballalan liability of $ 2 million. So the sum total is zero. However, the terms of agreement are missing as they are spelled out in PRs for Cono Italliano or Amerilithium. But then there are other PRs on TCA Global web site where they do not disclose the terms of agreement. My observations are as follows and I could be wrong: 1. I have also noticed that this was second tranche of the debt facility. So the first tranche must have happened sometime back that we do not know of. 2. If GRNO wanted to get rid of Ballalan liability they would have straightaway taken $ 2 million from revenues and passed it on to Ballalan. Why take additional debt to take care of existing liability? 3. Since GRNO had to go this route (to settle Ballalan liability or to support business growth), it may suggest that the revenues so far were insufficient to support either of the two. $ 2 million is peanuts (and hence the Ballalan liability) compared to the revenues that the company was projecting so far in the earlier PRs. 4. We do not know which route the company has decided to take. To settle the Ballalan liability or to support business growth and the answer might be in the details. Which route is hurting the company most? The interest rate on Ballalan liability or the terms of agreement with TCA Global. 5. In view of 3. above, if company is trying to build mobile units OR fixed ground based units, they would need funds to get equipment as well as to support an additional overhead that goes with it. In that case we will have to wait a little longer before the mobile units get operational as well as the Texas and Oklahoma operations get started. 6. So for now, we will have to rely on revenues from Wyoming and Montana operations only that will support stock price of 60 cents if we assume that the debt facility provided by TCA Global is to support new business. We need to know the terms of agreement for the debt facility provided by TCA Global to make an educated guess. I hope audited financials and upcoming PRs will take care of all these details. IMHO

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