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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: Ferick who wrote (10272)12/9/1998 9:54:00 AM
From: spinynorman1323  Read Replies (2) of 13091
 
Ned,

I have spoken to Bill a couple times over the last few days. He seems to be working diligently on the current biz plan and his demeanor was certainly upbeat.

I called to discuss a couple items unrelated to the current situation so I don't have much info to provide other than the psych evaluation! He did mention the website was taken down for updating (NFI).

I do have one major curiosity concerning the trading status. My understanding is GRNO must file the 2-11 with the MMs, who must perform their own DD before submitting to the NASD to begin quoting GRNO. My questions are: What is the barrier once the MMs have the 2-11s? Is a settlement with the SEC all that is necessary for approval by NASD? Do the MMs perform a subjective evaluation of the risk in quoting GRNO or is it entirely objective? IE. do the MMs adopt a SHOW ME mentality sort of like an investor would before buying the stock? Also, seems like I am coming out of some time warp; is the SEC suit settled?

BTW, I have talked to various folks at the NASD and the SEC over the months but never seem to receive a definitive and clear response. Maybe a call to one of the MMs might produce some good info. Might try that. (checking through my rolodex!)

Thanks to anyone with information on the questions.

I realize I provides more questions than answers but I have antz in d'pantz over the BB issue.

LLP Mark
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