Green Oasis Environmental, Inc. (GRNO) Message Board

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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Jan 29 4:00 PM EST

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To: Norman H. Hostetler who wrote (2949)	3/6/1997 9:29:00 AM
From: Zeev Hed	of 13091

Norman, I agree with you, my estimate is closer to $.08 since I am assuming a burn rate of between $80 K to 100 K per month and the cash received as down payment cannot be considered "rpogress payments" until they actually start building the additional units. The next quarter would be interesting, if they ship three units, they can reach a level of $.35/share and possibly a little more if they ship some of the 600's. My problem is to indentify the bottleneck, it seems as if it is the thermal oxidizer, and I do not know what is the delivery time on these and if the orders have been placed. Does anyone knows if the unit to be shipped overseas are first assembled and tested, or is the testing part of the on site qualification at the customer site. If it is the latter, than they can ship all the part and install the TO aftermost of the unit is assemble, so some delay there would not be too critical. Zeev

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