Mark,
Thanks for your comments, although I would hardly call myself an "official" promoter of the company. I do not receive any compensation, while I spend a lot of $$$ maintaining contact with them. I "AM" a shareholder who really believes in the management and the technology they have developed. It is not a myth, as GRNO's process has documented evidence of the quality of its products from pre-commercial testing during 1993-4. I've got copies of the lab reports, and have had them confirmed by a friend of mine who works in this very field of waste oil management for the a US govt contractor.
It is sad, yet fortunate for us investors, that GRNO was delayed in commencing commercial sales in 1994 due to local politics. However, that is all behind them now and they have come to the public equity markets earlier than they had originally planned in order to recommence their operations. If these events had not taken place, GRNO would still likely be a private company, out of reach of most of us small investors.
Those who buy at these levels and HOLD will likely see similiar results as those who held MUCP from January through May of this year, while MSU was still strictly in the R&D phase of designing their Netbox. It has only now been announced that the final marketable version is ready. That stock has been in the $10 range for 6 months now. GRNO has 1/3 the shares outstanding, fantastic possibilities for extensive tax credits, and outstanding managements with a clear vision and sound business strategy.
Look at the news releases!! Then explain to me why this stock is not trading higher!! We have seen evidence of several MMKrs out there depressing the bid price and "painting the ticker" on the last trade trying to shake out us small fry... WE HAVE THE POWER to counteract this by doing our homework, and believing in the company.... If you are sitting out of the money on your position right now, welcome to the club.... :0) DON'T MAKE IT WORSE by selling at a loss. Short selling a stock like this is like holding a beach ball under water, eventually it will break free and rocket upward... Just look at what has happened two times already, it has rocketed as the shorts have scrambled to find stock so they can cover their short positions.
Something that long-term holders should consider is having 50% of your shares taken out of "street name", (those who don't understand what this means can e-mail me at reecerd@erols.com ) and ask for delivery or for them to be unavailable to short-selling. Waiting for the shares to arrive is the most difficult thing as it often takes two to three weeks. Selling them is supposedly much easier as you merely call your broker and place a normal sell order, promising to deliver the physical certificates within T+3 requirements. I plan on doing it by FedX.
What does this achieve?? It can drastically reduce the amount of shares available to the short-sellers. (High demand * low supply = SHORT SQUEEZE and resulting rocketing stock price!!!) Doing this is a vote of confidence in your stock and prevents the shiesters out there from using your stock investment AGAINST you. If they can't find someone with stock to loan them, they will find some other stock to mess with. There are estimated to be less than 1 million shares in the float, and I have identified an individual who claims to represent a group of friends holding close to 1/3 of it. I am in contact with them working on a strategy at this time.
I would appreciate your opinions and comments on this strategy and whether or not you would agree to take delivery on 50% of your position. It has to be done together or it becomes a wasted effort..
E-mail me at reecerd@erols.com and let me know what your decision is...
BTW, I will be contact with Gerri Detwiler at the Nation Council of Individual Investors (NCII) here in Wash, DC and I will propose that she study the possibility of creating a mechanism for shareholders who wish to take their stock out of street name while not having to take personal delivery of certificates. I think that we could find support for this in regard to stock priceds at under $5.
Regards,
Ron
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