To: Charles A. King who wrote (8570 ) 1/21/1998 11:30:00 PM From: Hawkmoon Read Replies (2) | Respond to of 13091
Charles, Good point. Last May after the shareholder's meeting I was in Bill's office with another shareholder, and as you know, the veracity of the Brazilian deal was being highly disputed by a certain poster. One of the major foci on my mind at the time was to verify that there had been communications between that potential customer and GRNO. Bill, being the open individual that he is, was perfectly willing to allow me to view that file. But then we know that GRNO had other legal "representation" at that time (uh...hmmmm.). I really admire the efforts of Rogers and Hardin in keeping BC and the company out of further trouble with the SEC and I'm sure that they will continue to service GRNO with highly qualified legal guidance. That is one of the reasons that I feel more comfortable with GRNO at this time. We have reached the point where the company has a demonstrable processor and they have negotiated a settlement with the regulatory authorities(would love to see it made "official" though). GRNO has very little room for engaging in self promotional activities or shareholder interaction. It's a shame, but something I am willing to put up with in order for this company to succeed. My logic from last year still applies in my opinion. I always consider GRNO's technology analogous to "Field of Dreams". Build it and they will eventually come. The G*d D*mn economics of it just stand to reason that someone will eventually step up to the plate and take a chance. Of all the proposed techniques for re-refining waste oil into a usable fuel that I have seen discussed (Shertleff method... etc), GRNO's make the most sense and is based upon widely accepted physics. It is crying shame that this company continues to face obstacles from Federal and State authorities in realizing its business plan. Yeah... they made mistakes, but I have always been a firm believer in private market solutions to public problems. Given the amount of Tax-Payer money that goes to subsidize waste oil recovery and recycling, as well as the environmental costs of cleaning up these non-point pollution sources, I am frankly amazed at all much grief has been brought upon all of us by the very regulatory authorities who should be doing everything possible to make sure that this company succeeds. Ok... I'll get down off my libation-induced soap-box now and wish you all a good evening. Regards, Ron