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: Charles A. King who wrote (8696)	2/3/1998 4:02:00 PM
From: Marlin C. Harmon	Read Replies (1) \| Respond to of 13091

Charles, OFF TOPIC: The GYMM saga is an amazing example of how a government prosecution system can goof up. Those guys(the prosecuting attorneys) sent a copy of their strategy to the defense by mistake. Now, I am not an attorney, but one usually assumes a little more intelligence than that from the legal profession. I don't know whether I believe this really happened or not but it sure makes for good discussion when folks like us are so down on the SEC legal-eagles.

To: Charles A. King who wrote (8696)	2/3/1998 4:53:00 PM
From: Carl Pergler	Read Replies (3) \| Respond to of 13091

Charles et al: Ron and I took a really quick site visit - 24 hours round trip. It could only be done by sharing the driving. I have been busy since my return and couldn't take much time to report. I concur with Ron's earlier comments. I hadn't been down to GOE since the shareholders meeting. The machine has had several modifications made since then, and additional large tanks added. We could observe product being produced, equipment is working, but no production figures are available. This is what I came to see. We weren't shown the money, but could see the diesel, at least in the pipes. We also were not able to confirm 24hr x 7 day production, but it appears to be in a significantly steady production mode. I must say that the lawyers are very diligent in reviewing all statements. We were also told that Bill gets a letter every time he says anything, reminding him of the limits of what he can say - which is nearly nothing. Speaking of Bill, he is looking older and tired, but appears to be "doggedly determined" to see the process through. He is clearly upset at the delays and slowness of resolving the regulatory and SEC issues, and the communication constraints,but resigned to the process. My conclusion: I believe the next 6 - 8 weeks are critical to the health of the company. The delay appears to provide time for tweaking of the equipment and considering the implications of the first sales. The current prices on oil are not helping, and neither are the production limits and NASD and SEC status issues. None-the-less, I came away feeling somewhat better about holding on to my shares, and if possible accumulating more. Only selling fuel and/or selling units will make the difference. I believe getting back on the BB will help but not significantly unless the regulatory approvals come through for higher production, thus leading to sales. I highly recommend that more shareholders and L.Partners take the time and make the effort to do as we did, and visit. BTW - I don't believe there is a fixed date or location yet for the next shareholders meeting. If we have sales, I have suggested "the islands". Still long, regards, Carl

To: Charles A. King who wrote (8696)	2/3/1998 9:28:00 PM
From: John Brockman	Read Replies (1) \| Respond to of 13091

Charles/Ron Actually, what was confusing me was that if the unit converts 275 gph of feedstock into 200 gph of diesel (Thanks Charles, I forgot the 275 was feedstock not diesel) and pumps it into the storage tanks and it takes 30 hours to fill a 6000 gallon semi tanker truck from the storage tanks, the rate of diesel going into the storage tank is the same going out of the storage tanks on the trucks. I thought that the tanker would load the diesel at a much faster rate than 200 gallons per hour. I did stop for gas tonight and timed it (yes I do need to get a life) and it took 1 minute 30 seconds for 10 gallons or, at that rate, 400 gallons per hour. I would have guessed that a 6000 gallon semi tank truck would take 6 hours or less to "fill up" with diesel. What I am alluding to is that if SC gives Bill permission to turn the unit up to 1000 gph we are going to need a whole lot more storage because by the time one truck has loaded 6000 gallons, the unit is going to have converted 30000 gallons of feedstock into diesel. Even if the storage tanks do not have pumps to pump the diesel into the trucks and depends on gravity, I would think the hose would be 5" in diameter at a minimum allowing a large volume of diesel at a time to be loaded. In addition to gravity pulling the diesel out of the tanks wouldn't the weight of the rest of the diesel in the storage tank increase the rate it flows out? I know this is trivial and probably not worthy of this much space but I often get stuck in the details. I apologize for dragging this issue out. John PS This new feature to review your message before it goes public is neat. I also like the spell check (it says feedstock is feed stock).