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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?

To: Norman H. Hostetler who wrote (10780)	9/14/1999 1:15:00 AM
From: Ferick	Respond to of 13091

Norm: Thanks for the insight. I'm always interested in the perspectives of others. My cup is always empty. Here is something I think is of interest: On March 21, 1997 the Debtors filed their Motion for Authority to Incur Post-Petition Debt Secured by Junior and Senior Liens and Memorandum in Support Thereof ("Carraway Motion"). In their Carraway Motion the Debtors sought Court approval of a post-petition loan of $225,000.00 from William Carraway, a director of Total Homecare, Inc. On April 10, 1997 the Court entered its Order Authorizing the Debtors to Incur Post-Petition Debt Secured by Junior and Senior Liens ("Carraway Order"). Pursuant to the Carraway Order William Carraway loaned the Debtors $225,000.00. The Debtors have sold all of their assets relating to their business operations. The Debtors' remaining assets consist of; 1) approximately $30,000.00 in cash, 2) their interest in a Proof of Claim filed in the Chapter 7 bankruptcy case of Charleston Operating Company, Inc., case number 95-23985-RCJ pending in the United States Bankruptcy Court for the District of Nevada, and 3) their interest in any avoidable transfers under the Bankruptcy Code. The Debtors' Proof of Claim in the bankruptcy case of Charleston Operating Company was in the amount of $107,085.40 plus interest. The Debtors have been informed they will likely recover approximately 20% of their claim. Therefore, the Debtors value this asset at $21,417.00. What is all this about? Is this the same B.C. of GRNO?