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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 21 4:00 PM EST

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To: Robert Korn who wrote (9109)4/8/1998 5:55:00 AM
From: Charles A. King   of 13091
 
Robert, in the absence of any other information at this early hour, I must ask the first question which is why GRNO would obviously deceive us and GRNO's attorney who approved the press release stating that an application was made.

Another question would be, what information is DHEC requesting from GRNO that they don't already have? DHEC was represented at the air testing last June. They were supplied data from that test. Are they now saying the test data they wanted at the time was incomplete? When is an application not an application? When all the required information has not been supplied.

In comparing the data submitted by GRNO to DHEC in a document dated June 30, 1997, with a document from DHEC to GRNO dated September 15, 1997, I see certain items that puzzle me. The September DHEC document is the notification that the data has been reviewed and the permit granted. Attachment A of that document is a table of toxic air pollutants which are modeled for the unit. Comparing these data with Table 2.1 of test data supplied by GRNO in June, I see some of the modeled pollutants were listed in the test data and some were not. The ones listed were far lower than DHEC's model indicates. But why does DHEC's table model parameters that they didn't have numbers for? Is this the data now being requested, 9 months later? Will this require the test to be rerun? I don't have these answers and I don't understand why it is necessary for us to incur the expense of dragging this information from DHEC through the Freedom of Information Act.

Continuing in my ongoing role of Mister Investor Happy Face, (Hi Norm!) and with no word from GRNO, let me tell you my take (or spin) on what all this means to me.

I think that GRNO is waiting for the long delayed orders to be placed at which time plans can be made to move the entire operation to Houston. I think BC is thoroughly fed up with this entire situation. Remember, he told us last year that getting this amended permit would be easy after the initial permit was granted. I may be completely wrong in my assumptions and I haven't talked to GRNO in a long time. I prefer to go by the official news releases blessed by the attorney.

I don't know why the conflict with the SEC would prevent GRNO from supplying data to DHEC. It is in everybody's interest to have that processor up and running full throttle. Retesting the plant means going through the whole process again of last summer. I don't think GRNO intends to do that. Just my guess.

Charles
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