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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 24 4:00 PM EST
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To: Scott Ferguson who wrote (8776)2/13/1998 7:44:00 AM
From: Charles A. King  Read Replies (1) of 13091
 
Scott, thanks for saying what has been on my mind with regard to the recent exchanges on this GRNO board. With regard to selling diesel at a discount, it is already being produced and sold at a loss, according to my calculations. There is no need to sell it at any greater discount because diesel and heating oil classify as commodities like gasoline and soybeans and are easily marketed. GRNO already has an arrangement to have the product removed.

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Because of the extremely tight budget restrictions that GRNO is experiencing, it isn't likely that any money is being made by operating the plant, but they must operate the plant nevertheless because it must be shown to prospective customers and investors as a demonstration model. Feedstock is expensive in Georgia and Florida and probably is in SC as well. And we know that the prices of energy commodities are unusually low right now. An additional cost driver is the necessity of operating the plant at an extremely low level. The storage is limited because money isn't available to purchase more tanks and extra tests must be paid for to test the feedstock and diesel in small lots.

Charles
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