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

To: Charles A. King who wrote (8749)	2/10/1998 1:19:00 PM
From: John Brockman	Read Replies (1) \| Respond to of 13091

From Today's Washington Post Business Section, Digest pg C1 SEC Chairman Arthur Levitt Jr. wants Nasdaq's OTC Bulletin Board to dump thousands of small-company stocks unless those companies start filing financial reports with the commission. Levitt threw his support behind a rule approved in December by the National Association of Securities Dealers that would force more than 3,000 companies off the Nasdaq Stock Market's over-the-counter listing service. The Bulletin Board has been plagued by stock manipulation in recent years. John

To: Charles A. King who wrote (8749)	2/10/1998 10:26:00 PM
From: Charles A. King	Respond to of 13091

The exchange rate of LLE shares for SK shares will be 2.8 along with the $18 per SK share. LLE says it is confident it has the better offer. From a quote by LLE's CEO, "William Blair, SK's own financial advisor, has opined that "it is more likely than not that, as of the time of the anticipated closing of the [LLE Offer], the value of the consideration which would be received under [the LLE Offer] would exceed the value of the consideration which would be received in the [Buyout]." The Buyout Group has failed to confirm that its financing is available. In fact, Philip Services acknowledged in a letter to the SK Board that as of February 7th, Philip was unable to fund its equity commitment. As noted in SK's own public filings, SK is not a party to the Philip equity commitment and may not have a claim against Philip in the event it breaches its commitment and in such event SK Parent "might not have sufficient funds to consummate the [Buyout]." newsalert.com Charles