Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Nov 4 4:00 PM EST

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To: Bill Fuller who wrote (9788)	8/30/1998 8:26:00 AM
From: Charles A. King	Read Replies (1) of 13091

Bill, while the insurance company may be calling the shots, they also must be careful. On March 18, 1997, GRNO stock traded in the approximate range of 6 1/16 to 6 5/8. The last trade Friday was at 1/8. What the stock actually trades for now is impossible to determine since it is too easily manipulated, but my point is that the SEC action has caused a large drop in stock value. Take that times roughly 6 million shares and apply the treble damage theory and you have a number that far exceeds the insurance coverage or what G&S could ever pay. In other words, rather than having a customer who they might be able to raise future rates on, they may have a customer who will cease to exist. Maybe they think they have nothing to lose by stalling and they may be right, but I don't think they will want this to go to trial. Charles

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