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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 6 4:00 PM EST
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To: Charles A. King who wrote (9942)10/13/1998
From: Norman H. Hostetler   of 13091
 
I don't know, Charles, if a Chinese joint venture would be a good thing. I'm even suspicious of reverse engineering if they buy a machine. Right now, the Chinese government finds it in their interest to promote cooperation with foreign high tech outfits, but what if they change their minds two or three years from now? How much protection could GRNO expect in Chinese courts? I grant that there's a lot of waste oil in China, so theoretically there ought to be a very profitable opportunity there, once an effective collection system is invented. But, in a joint venture, could GRNO repatriate the profits? I read another article that said that the Chinese government was tightening their strict controls on the export of money (threatens the economic stability of the yuan), except in specific cases approved by the government. So GRNO and the company in Ching-dao build a great system and install processors all over China and make a billion dollars, and then the Chinese government says that the only thing GRNO can do with their share is to reinvest it in China. Then what? Would a previous agreement stating that GRNO could take its profits out of China be worth anything?

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