Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (8134)	12/6/1997 10:11:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Ron, I did catch something a few days ago to the effect that Iraq would stop shipping oil allowed by the UN, maybe to protest the restricted level. Saddam detects growing sympathy for the horrendous conditions he forces the Iraqi people to exist under and decided to stop shipments to bring the situation to a head, I guess. Anyway, I think he changed his mind again and is officially shipping oil again. But he could change his mind any day and the Turks know it. He ships oil out through Jordan in tanker trucks to get the money to maintain his regime. He also now smuggles oil out along the Iranian coast within Iranian territorial waters with the cooperation of Iran. Iran must get a good percentage of Saddam's take as payment, similar to the old robber barons along the Rhine. But this smuggling is to pay for his Republican Guard to maintain themselves in the manner they are accoustomed so they will protect Saddam. Turkey would like to be free of the Iraqis' threats, I'm sure. The crude from the Caspian region should take care of that, but that is years away. GRNO can help them a little now, so that should be incentive to do a deal with Maneks, and therefore GRNO. Charles

To: Hawkmoon who wrote (8134)	12/6/1997 11:35:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 13091

RON< I am sorry, but failing to register with the state for sale of unregistered securities is management responsibility not some lawyer's fault. It is management responsibility to get the lawyers involved in the process. (Believe me, I am going through a similar process, and if I did not listen carefully to what the lawyers are saying it would be easy to break the laws of a number of our states, and I believe that in SC you even have to register BEFORE these securities are offered). Zeev

To: Hawkmoon who wrote (8134)	12/7/1997 3:35:00 PM
From: Charles A. King	Respond to of 13091

12/05/1997 18:54 EST Iraq Closes Oil Pipeline By WAIEL FALEH Associated Press Writer BAGHDAD, Iraq (AP) -- Iraq shut down its oil pipeline to Turkey on Friday and said it would not export any more fuel until the United Nations approves a plan for distributing food bought with oil revenues. The action came a day after the start of the third round of the U.N.-approved oil-for-food program, which is subject to renewal every six months. The halt appeared to be an attempt to draw attention to what it considers inequities in the program and to step up pressure on the United Nations to help speed up food deliveries intended for its impoverished citizens. The Foreign Ministry said the decision to stop pumping oil was the result of faulty implementation of the oil-for-food program during the first two rounds, saying the United States had impeded the approval of contracts to purchase goods, the official Iraqi News Agency said. ''Iraq does not accept the continuation of this situation, which is unbalanced and forced by the United States on the Security Council by pressure, blackmail and lies,'' a ministry spokesman was quoted as saying. In Washington, President Clinton returned the volley, accusing Iraqi President Saddam Hussein of trying to divert international attention from the consequences of his own misrule. ''He is in no position to point the finger at anyone else in the world for the suffering of his own people,'' Clinton told reporters at the White House. ''This is about some other way that he can manipulate the feelings of people beyond the borders of Iraq, even if he has to let innocent children die to do it so he can continue to pursue a weapons-of-mass-destruction program.'' The Iraqi government is in charge of distributing aid in most of the country, while the United Nations does so in the Kurdish autonomous zone in the north. Each new round of the oil-for-food program requires Iraq to submit its distribution plan for U.N. approval. Iraq is expected to submit its new plan in early January. It accuses the United States of using its power in the U.N. Sanctions Committee for political reasons, a charge Washington denies. The program allows Iraq to sell more than $2 billion worth of oil every six months to buy food, medicines and other humanitarian goods. Iraq has been under strict economic sanctions since its 1990 invasion of Kuwait. The U.N. Security Council says it will lift the sanctions when weapons experts certify that Saddam has destroyed his weapons of mass destruction. Since the oil-for-food program began in December 1996, about 128 million barrels of oil have been shipped through Iraq's pipeline to Turkey, one of the nation's two oil conduits. The other pipeline runs to a tanker terminal on the Persian Gulf near Kuwait. It also has been used recently, but exact shipment amounts were unclear. It was not known whether Iraq shut down that pipeline as well Friday.