Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Dec 4 4:00 PM EST

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To: Bill Fuller who wrote (136)	10/16/1996 9:07:00 AM
From: Zeev Hed	of 13091

Bill: What I say is that what happened within GRNO prior to their coming to us the public for money (in the form of, an IPO or otherwise turning it into a public company) is not of our beezwax. Once a company is public, everything management does is our beezwax. Carraway found a niche in the market and is trying to exploit it. If he succeeds we will all do fine, if not he won't either. We know that he has managed to convert substantial debt to equity above the present price of the stock (at around $3/share), so he is doing fine. I agree with you that the company has too many suits pending and too little cahs in the kitty, but if it was a rosy situation with its forecasted growth rate, it would sell at three times expected next year sales and 30 times next year expected earning, it is not and that is why there is an opportunity to buy it at such low prices. This is a speculation on Carraway abilities to turn the situation around. Zeev

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