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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 26 4:00 PM EST

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To: michael Flynn who wrote (8877)3/7/1998 7:02:00 AM
From: Charles A. King  Read Replies (1) of 13091
 
We and GRNO must await the remainder of the deposit and in fact I am a bit surprised we got a news release of this very material information before the full deposit was made. Nevertheless, this is important and indicates the value that AMBIX (RecOil) has provided GRNO. Despite the fact that the SEC "investigation" is driving away much of GRNO's customers, we still have the die hards and a few vigorous customers like the Turks who are willing to do business. The going will continue to be rough for a while, but GRNO will prosper eventually.

I think the complicated details of the financing arrangements indicate that raising the required capital had been a problem. I'm quite sure that once the first machine is built and operated for a while, the capital will become available to do more business with AMBIX. It is also important that the ice is being broken and GRNO will eventually start to build the Model 1000 which has been just a computer dream until now.

And Mike, I have seen a duplicate post elsewhere on SI recently. I wonder whether that is a new idiosyncrasy of the SI system.

Charles
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