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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 (8807)2/23/1998 12:21:00 AM
From: Eric Hathaway  Respond to of 13091
 
Charles, Ron & all,

I mentioned Rich Coast the other day, and have done some additional reading, most importantly this:

sec.gov

A 10 minute scan brought forth (in rough numbers):
1) They are proposing a reverse split
2) 17.7 +- mm shares outstanding, but insiders hold currently exercizable options for another 5.5 mm at prices between .18 and .25
3) CEO owns 20%, Pres 12.7, all directors & officers = 31% of outstanding shares (little chance of the reverse split NOT being approved)

Another guy has an option to buy 3.6mm shares at .30. good for another 8 years

Their revenues are increasing nicely, but this looks like a trap to me.

Eric



To: Charles A. King who wrote (8807)2/23/1998 2:12:00 PM
From: Charles A. King  Read Replies (2) | Respond to of 13091
 
Response from yesterday's poll:

29 responded; one very negative, 4 negative, 7 neutral, 11 positive , 6 very positive. Ratings were strong bulls 71.43% and 54.55% overall bulls. This is down from last December 3's poll when strong bulls were 73.33% and overall bulls were 72.72%, but considering what we have been through, I think sentiment is holding up extremely well.

Message 2875605

The above definitions of bulls are found on the Stockmaster site. My definition of strong bulls would be very positive responses divided by total overall responses = 20.7% versus 56.5% last time and overall bulls would be positive plus very positive votes divided by total responses = 58.6% versus 82.6% last Dec 3. These slippages don't surprise me at all. What surprised me was that there were 29 people who read all the way down to the bottom of that post on a Sunday afternoon and then responded.

Charles