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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 5 4:00 PM EST

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To: Norman H. Hostetler who wrote (10565)4/29/1999 1:21:00 PM
From: R KIEFHABER  Read Replies (1) of 13091
 
<<My 2 cents:>>

I think that we will all agree that the recent run up in oil prices has changed the risk reward ratio of the Charleston processor significantly. One year ago with a bottomless oil market it seemed that the processor would not be profitable at any production rate. Now with less than $100,000 infusion to get the wheels turning we could be profitable in weeks. If oil prices continue in this direction I am hoping we should see a renewed interest in the processor.

It is my belief that the big money will come from overseas if it does at all. The profit margin in Asia and Turkey is fantastic. No one can deny that Manova is a credible customer. At the AM two years ago Bill stated that they had started with the necessary piping and storage tanks at their site. They wouldn't be wasting their time on permits and laws if they weren't serious. Nor was the Chinese deal of last year a hoax.

What we need is time, I commend Bill for his effort and wish him luck in putting a deal together soon. I too believe that GRNO is worthless without Bill. The creditors must realize this and so far are working with him. I am sure that if all works out they will be well rewarded for their patience.

May 9th, if memory serves will be the 2 year anniversary of our disaster. Maybe we will get some positive news by then.

Best of luck to all,
Bob K
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