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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 3 4:00 PM EST

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To: John Chylek who wrote (9922)10/10/1998 12:26:00 AM
From: Hawkmoon  Read Replies (2) of 13091
 
Wouldn't you know it, just when $$$$$$ is fleeing Asia, GRNO is trying to get in.

Actually John, China may just find itself the main beneficiary of the current Asian turmoil. Since China's currency, the Yuan, is not freely convertible in global money markets, they don't suffer the attacks of speculators to the same degree. However, they can have their currency undermined on the domestic black market.

China is gearing to play "catch-up" by technologically and politically over the next several years. What transpires during this time should be very interesting to observe.

Btw, since oil is denominated in US dollars, the cost of energy overseas will always be higher than here. And China has significant environmental problems that they would like to resolve.

Let's see what happens. Keeping my fingers crossed.

Ron



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