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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 11 4:00 PM EST
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To: R KIEFHABER who wrote (10544)4/10/1999 4:05:00 PM
From: Charles A. King  Read Replies (1) of 13091
 
Compared to any other deal so far, the Chinese deal could be said to be too good to be true. After all, the Chinese gentleman tried to inject $1 million into GRNO and almost succeeded. Only the intervention of the Beijing government prevented that. I know about that government policy because the new policy was reported in the press. Many others who were trying to conduct normal business in Red China were similarly disrupted. That is the kind of behavior that does not lend itself to promoting confidence. The Chinese government's reneging on its promises of protecting foreign investors who held financial instruments registered with the Beijing government was another blow to those trying to attract foreign capital to Red China.

Foreign investment in China will continue to dry up as it has in Russia, and for good reason. The post cold war period is over. Red China and the Russian oligarchs have bled as much private capital out of the West as they can expect and as they continue to oppose our attempts to reign in the monsters like the dictators of Iraq and Serbia, their true natures will be exposed.

Although I agree that it was a disaster to lose the gentleman from China, I think what was really on his mind was the eventual pirating of GRNO's technology. I am sure the Chinese government would have backed him if he did so. But that was down the road, and what we are concerned about is the here and now.

Charles
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