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


To: Mesaba who wrote (8411)1/12/1998 5:56:00 PM
From: Charles A. King  Read Replies (3) | Respond to of 13091
 
Right you are, Mesaba. We have to be careful, and all that, but the fact remains, BC has documentation to back up his old news releases which he has copied to the SEC and which he shows to all who travel to GRNO and ask to see it. That lends itself to long term confidence by some of us. Going around GRNO and asking questions directly to some customers' insiders also helps the process of understanding GRNO.

Unfortunately, asking questions doesn't make the orders appear. Customers also have their complications on their side which seem to cause them to lose focus or to simply delay their procedures. Personally, I find that extremely irritating, but I know there isn't anything BC can do about solving customers' problems that have nothing to do with GRNO. All he can do is keep calling to talk to them so they don't forget how enthusiastic they were.

I keep telling myself it is only a matter of time until something interesting happens. Until then, I can only occupy myself with stretches of my imagination such as following LLE, SK, PHV, EVSI, ECGOF, and the international news watching for news of Turkey. I also read the Charleston and Columbia newspaper web sites looking for anything even remotely related to GRNO.

Until GRNO books some orders there will be continuing skepticism. Not only will nobody buy into the stock enough to run up the price, market makers won't bother with it because there isn't enough volume for more than a few.

I still have my hope. I hope that February will bring closure to the Turkish political process and an order will emerge. I'm hoping that domestic customers will see the value of the Section 29 tax credits and move on entering orders ASAP; ie, right away, the sooner the better.

Charles



To: Mesaba who wrote (8411)1/12/1998 6:24:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 13091
 
Mesaba,

No... If you remember the long winded discussion we had last spring between ourselves and Diver, I made it a point at the shareholder's meeting to verify the information from the Jaimie Lynch Brazilian deal. I, and one other shareholder were in the GRNO office and both viewed the documents.

As for recent potential clients, I have seen no hard information (ie: The Turks), other than that there have been faxed commmunications between GRNO and Manova. My comments related to documentation stems from last May after the trading halt.

I try to do my DD and I don't just soft-pedal my questions with Bill Carraway when I take the time from my schedule to make a personal visit to Charleston. That's why I still hold my stock and have continuing hopes for significant progress in 1998 that will (hopefully) restore shareholder and market confidence in the company.

Btw, I phoned NASD's OTC compliance office today on another matter. They have received a number of 15c2-11 applications from mmkrs to resume BB trading in GRNO. The gentleman would not elaborate who the mmkrs were. He also stated that they currently have a backlog of applications on other stocks that may be delaying prompt action on GRNO. Again, he would not speculate or elaborate further.

Mesaba, nothing I have seen would qualify as insider information since I viewed the documents AFTER they were publically announced. Bill, at the time, openly invited people to verify the communications.

That is why I feel more comfortable that, while BC may have been exhuberant in making annoucements, there was an amount of substance behind the press releases. Even RecOil, which was the most dubious of announcements, apparently continues to get its financing in order so that O'Brien can lock in his contract for up to 3 units.

Regards,

Ron