Norman, thank you for your valuable contribution to this thread.
I know nothing of the company you have invested with (GRNO),
but will have a look.
I agree with all the points you
have made, and am grateful for the opinions that you have posted
from others knowledgeable in the area. Clearly the point is that setting up these kinds of oil cleaning operations is no simple matter.
It is time-consuming, costly, and by no means a guarantee of
profits.
Here is what I do know: those who controlled CGEE were run-
of-the-mill Vancouver hustlers. Those who now control it (if
indeed there was a clear change of control) are making vague
claims in far-away countries, and have offered no real information,
or means by which their claims can be followed up on. (I too have
a good contact in Poland currently operating a recycling plant,
and am anxiously waiting to speak to him regarding the CGEE
claims.) The writeup as posted on this thread is a joke. (Anyone
with more info about StockNetworking news please post!!)
The market cap for a startup company is laughable. They split
the stock because they owned it all, and figured it would be better
to have 9 million shares of a $5-$6 stock, than 3 million. Because
they own it all, they can put the price where they want, that is
until pro shorts become alerted to this vague impersonation of a
company.
There are only two possibilities, as I see
it. Either this whole deal falls apart in the next few weeks, as
it becomes apparent that no-one will pony up the $3 million they
need to close the deal (see press release), or, they do manage to
raise the $3 million, in which case the deal will slowly grind
to zero over one or two years, as the escrow shares get released,
and reality sets in.
Here is something else I know for a fact: the SEC has been
notified.
SH |
