Everyone,
A comment was made on the AOL GRNO folder that we just about own 50% of the outstanding float. What that means is that if people want to buy, they will likely have to buy from us. That gives us quite a bit of power. Here is my reply.
Subj: Re: 50% of Float
Date: 96-11-01 16:47:41 EST
From: RReece7297
Correction..... As of 4:30 PM today, we have 452,200 shares represented by members or their acquaintances.
I received a voice mail message this morning from the "leader" of the "Gang of Ten". They said that they believed the stock had bottomed and they were stepping in the market to buy some more shares up.
The "Gang of Ten" represent a group of 10 individuals who.... hmmm.. let's say did pretty well in MUCP. They look at GRNO as a repeat performance and they apparently are in for the long haul. The gang represents some 300,00 shares, at least before the action today.
Finally, this from one of our new Forum members in Canada....
"Yeah, I've been lurking on SI and I've seen their website also.
I'm a chemical engineer so I know what they're doing and what
I can't figure out is why nobody thought of it earlier!
I am so impressed with the business potential that I am tossing
around the idea of setting up a GRNO refinery of my own. I'm not
sure if I could get a hold of the 2m gallons of oil around here
(I'm in NB, Canada), but if I could get a steady supply of feedstock
there is certainly money to be made in this business!"
Rod
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Just to remind everyone, I'm trying to keep a tally of the # of shares that belong to our members or to people they know that do receive the newsletter. If any of you make a major positon change, either in or out of the stock, I would certainly appreciate your letting me know.
I know that is none of my business, but it helps to maintain a proper representation of our strength. And if you report, it should be honest and not inflated. Also, don't worry if you decide to sell once it meets whatever target you have set. It is a normal thing and face it we are all going to sell some of our stock at some point or another. Besides, nothing keeps you from buying it again. All stock positions/actions will be maintained in strict confidence and NOT even the company will see or hear of them without your permission.
And it doesn't really impact me since I have no plans on profit taking until the $6-8 level. And believe me, I will be all over this stock for several years as it continues to grow.
Regards,
Ron |
