Hey Charles,
I'm no analyst,(but I play one on TV... :0) I do feel comfortable with the stock as I believe you now do. The problem
that concerns me is that I don't want to see the depressed stock
price keep interested parties from taking a stronger look at the
company's story.
You can have the greatest story stock in the world, eg MUCP which closed today at 10 3/8. This was a .96 stock, as you are already well aware of... (private joke everybody) in January this year. It took some time but the market finally recognized the value of its story and products.
I am firmly convinced that the market will also recognize GRNO. The company is not a Biotech/chiptech company in R&D and trading on potential products. It has a product, is reassembling the prototype, and preparing to manufacture more to fill its approx $25,000,000 backlog of orders. It is in its 7th generation of development since the processor first up started working years ago.
One of the problems is that GRNO chose to merely list its shares for public trading as opposed to doing an IPO, which it could have been able to likely do. However, IPO's entail substantial costs to the underwriters and can be dilutive from what I understand. The way GRNO went public was the least dilutive method that I've heard of. It has been a fully reporting company for over 2 years, and I have had the personal comments of Bill Carraway in regard to his dislike for the way certain companies resort to easy money like Reg S and S-8 stock abuses. The fact that he and other insiders own 47% of the outstanding stock is the best proof that he will continue to maximize shareholder equity.
I've had some comments on my E-mail that I may be creating unreasonable expectations. I don't think so. While I'm certainly not qualified to offer an analysts expert opinion, I can say that once the environmentalists find out about this company, it will receive quite a bit of acknowledgement and aclamation for the solution that it provides to an extremely HUGE disposal problem. This company has a strong story, both environmentally and from an potential earnings perspective. It could enjoy 100% growth rates for several years in a row. Waste oil may be niche market, but with 5.5 billion gallons of it to be disposed of each year, that's one h*ll of a niche.... :0)
Regards,
Ron |
