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


To: Bob Brooke who wrote (8725)2/6/1998 5:23:00 PM
From: Charles A. King  Respond to of 13091
 
Bob, now you understand what government regulation has done to GRNO. I have specifically asked BC for information about the plant operations and have been told that no more information will be coming to us LPs except at the time of GRNO's quarterly reports. Due to DHEC's throttling of the plant leading to lack of meaningful data, I'm not even interested in it myself. Bill C says that the kind of information you would want is prohibited by the SEC anyway because you might be a stockholder or interested in buying GRNO stock, and what you want is "insider" information. BC isn't even allowed to release material information we want. Just two days ago, I posted a news release by LLE that contained no new information.

I would ask you what company, large or small, is deliberately screwed by government this way. You might bring up the example of Microsoft and I would vehemently disagree. You might bring up the case of the tobacco industry, and I would point out that the tobacco industry's purpose is make a profit by making large numbers of people die before their time.

I invested in GRNO because it converted a pollutant we would all like to get rid of and converted it into a product we want. Now we have both the state and federal governments working actively to drive GRNO out of business. I would agree that these governments are not faceless monoliths but are operated by people and these acts and decisions are made by real people. You might question their reasoning process but it wouldn't do any good to question GRNO.

Off topic - here is a proposed pipeline through Turkey for Caspian oil.

infoseek.com:80/Content?arn=a2909LBY450reulb-19980205&qt=turkey&col=NX&kt=A&ak=news1486

Charles



To: Bob Brooke who wrote (8725)2/6/1998 8:02:00 PM
From: Hawkmoon  Read Replies (3) | Respond to of 13091
 
Bob,

When you go shopping for a car, do you force them to drive it around for 5,000 miles before you buy it??

No... you utilize your experience, common sense, and knowledge of how the vehicle should behave during the test drive and view the established data made available by the dealer.

Now if you are a potential customer of a GRNO processor you bring in you senior petro-chemical and process engineers to go through it with a fine tooth comb. You admire the workmanship and the attention to redundancy that GRNO has built into their processor and operational and safety systems. You ask to look at a sample of production data as well as test results for the most recent #2 diesel that was produced.

You are most likely fully aware of GRNO's current difficulties and delays with the SEC and DHEX, but realize that since they will outsource much of the construction of their processor, as well as modularizing and modernizing your unit, all you are concerned with that the basic physics are sound and that they have enough data to support your making a purchase.

Let's face it... If DHEX would expedite their lengthy permitting process and would grant this company all the permits they apparently qualify for, we wouldn't be having these current problems. The processor passed its emmissions stack test last June, with flying colors, and has been capable of running in one form or another since then. It required until the middle of Fall before they granted the permit for operating at the reduced rate. Now we have to go through the entire process all over again.

On top of that, everytime they want to build something, they need another permit from DHEX. When they wanted to market their final product, they needed another permit from DHEX. The bureaucracy has been incredible due to the autonomous power wielded by SC's environmental folks. It almost equates to an abuse of this power.

Bob, I have no doubt, after what Carl and I saw last weekend, that the process works. And WHEN (note I did not say if) this company is back on its feet, believe me I will be strongly suggesting that certain reporters in Columbia, SC and elsewhere take a special interest in exactly how our Federal and State government have obstructed, and almost forced into bankruptcy, a small developmental company and its innovative technology that provides a private market solution to a public pollution problem.

The company still has a story to tell, but the timing of its telling will be after they have a couple of sales under their belt. I meet people who work on Capitol Hill constantly. I have their names and numbers sitting in my Rolodex as I type this. I'm not blackmailing or threatenting those agencies who may be reading this. I am merely suggesting that for every reaction there is oft times an overreaction by those who are being unfairly punished, the shareholders of this company.

We know that representatives of this company have made mistakes, but that does justify continuing to delay the final resolution of the situation in hopes they no one will be left to complain. If this company is forced out of business, I will be spending an inordinate amount of time making sure that those who caused it are substantially embarrassed.

Some people refer to me as a "cowboy" when it comes to this company. But what really amounts to is that I am sick and tired of seeing our government spending my tax dollars subsidizing inefficient pollution control processes, while private entrepreneurs dedicate their time and treasure to creating private market and profitable solutions.

I'll climb off of my soapbox now. Thanks for hearing me out.

Regards,

Ron