Preston,
I've just got off the phone with Bill Carraway. He saw your comments and has just one statement for you. You can alledge anything that you want about HIM, but I would be VERY CAREFUL about bringing his son into this discussion. He is a very polite gentleman, but being a "Southern Gentleman" and a devout family man, he takes great exception to your perceived accusation that he is selling shares in order to "put his kid in college". His son has 400,000 shares of his own and has NO NEED TO RELY ON HIS FATHER.
I'll tell you one thing. I'm trying to get packed to leave and the wife is looking at me incredulous that I'm getting back online after I promised to leave this alone until we got to Idaho.
READ THE FOLLOWING AND LEARN:
First Preston, here is Bill Carraway's response to your comments on the 144 filings. "There are 400+ shareholders that are going to be registering there stock over the next several years. ALL shares from original investors in the PRIVATE incarnation of Green Oasis are 144 restricted and MUST BE REGISTERED before they can be sold. This is NORMAL and does NOT MEAN THEY ARE SELLING. HOWEVER, there are only two insiders, Bill and his wife, and they ALSO must register shares before they are able to sell and THEN THEY MUST REPORT THEM VIA A SEC 13D. Do you any of you see a 13D out there???
The reason you will be seeing 144 filings out there is because these original investors are sitting on shares that they cannot trade under restricted status. FIRST, THEY MUST FILE A 144!!!! (including Bill's son.. :0) All this means is that they have registered the shares with the transfer agent and are now KEEPING THEIR OPTIONS OPEN. This stock has been trading publically since April and all 144 filings have been out there for all to see. Look for more 144 filings in the future. I can't blame them for wanting to bring these shares into a tradable status. They are about to see the return they have been waiting for.
Now about the 144 filing regarding Bill and his wife. When this info was publically released a couple of weeks ago, Bo called me up to let know that he had just discovered the filing himself. He told me that he had called Bill to ask him "what the h*ll are you doing selling shares now... ". Apparently Bill responded by asking him "what the h*ll are you talking about??"
They did a little research and it seems that the bank Bill has a loan out with in Charleston had filed the 144 in anticipation of having to sell shares that Bill had used to collateralize this loan. With the recent decline in the price, the bank felt it necessary to announce its intention to sell them. So if you are trying to scare out shareholders in order to trigger some action by the bank, IT AIN'T GONNA HAPPEN.....
The SHARES HAVE NOT BEEN SOLD!!!. And there is NO ANTICIPATION of having to sell these shares. This was again confirmed as stated by Bill tonight. He made arrangements to renegotiate the loan through a later period this year, and besides, the bank manager is on vacation until the beginning of the year. Bill regretted that the filing was actually out there and gives a false impression, but he will be posting a public "open letter" to all of you here and on AOL sometime this week. Stand by.
The fact that I knew about this and that Bo and Bill both immediately informed me of this information gives a lot of credibility to this scenario. I told Bill that I wouldn't have any heartburn with him selling shares since he has been pumping money into this company for several years now, backed by his personal assets. If anyone deserves to sell, he does. And the fact that you all were able to find it openly is another plus since the company is a FULLY REPORTING COMPANY. Quite uncommon in the Bulletin Board market.
I also immediately made the large shareholders (50,000+ shares) in my readership aware of the fact and they agreed that we should "let sleeping dogs lie", in case mention of this news at that time would create a self-fulfilling prophecy. ie.. everyone selling, the shorters shorting, and THEN the bank feeling the pressure to sell Bill's collateralized shares into the decline. It was a decision based on preservation of shareholder value. It was not insider information since it was publically available. And besides, I do this newsletter as a service to all of you. I'm under no obligation to tell anybody anything that I discover on my own. I had the company's best interests in mind. No regrets and no apologies from me. However, those who know me from my previous days with MUCP, know that I try to call them as I see them and will continue to do so.
So Preston..... Bill Carraway would "like" to meet you personally some day, and welcomes an apology as well. Never insinuate that the company is not viable and suggest that Bill has to sell shares to put his kid through college, which he will not be attending until September. (and that is none of out business anyway.) His son will be weathier than any of us can ever dream of being. And I think that the fact that you took my comments on Bill flying around the country over Thanksgiving weekend taking his son to visit schools is an insult to both myself as well. My comments were directed at how many balls Bill was juggling, and the fact that he still took the time to assist his son. I respect that in a man, (and woman.)
Who are you, BTW?? I haven't seen you around these parts before....
Regards,
Ron |
