Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Oct 31 5:00 PM EST

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To: R KIEFHABER who wrote (9775)	8/13/1998 2:31:00 AM
From: Norman H. Hostetler	Read Replies (2) of 13091

Bob: 1) Sorry, I can't answer your question about possible "activities"; I've promised confidentiality to too many people. Also there are very possibly activities I don't know about. 2) The conversion ratio for exchanging an LP unit for stock depends upon the stock price. Different people have converted at different prices. I have no knowledge of these prices or of the total amount of stock involved, but given the severely depressed GRNO stock price recently--a price that was by no means envisioned when the agreement was written--there is no question that there has been dilution taking place. My only suggestion regarding the extent of the dilution is to read the 10-Q's carefully. I will add that it is my guess that the partners who have converted are gambling that GRNO will recover in a big way and that they will make a substantial early profit from the rise in value of their stock, whereas the partners who have kept their units have done so because they own a physical asset that will retain substantial value even if GRNO goes bankrupt. But I am not privy to anyone's actual motives except, maybe, my own. =+=+=Norm

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