Green Oasis Environmental, Inc. (GRNO) Message Board

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

GRNO 0.00

Nov 6 4:00 PM EST

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To: Charles A. King who wrote (9852)	9/14/1998 5:41:00 PM
From: Norman H. Hostetler	Read Replies (1) of 13091

Charles, I went through the economics of a GRNO processor in Indonesia with the CEO of a company there that might have been interested. Our conclusion was that as long as diesel fuel is being heavily subsidized by the state, the processor won't make any money. There was also the problem of the Suharto children, whose oligarchy was only beginning to be challenged when I was there in May, so that anybody else sniffing around the oil producing and distributing business did so at considerable peril. So we dropped it. But both of us thought there would be a lot of good prospects elsewhere in Asia, and that the cost-cutting required by the economic retrenchment might even make a waste oil processor more attractive as a contribution to the reduction of imports. =+=+=Norm

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