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

To: Hawkmoon who wrote (8949)	3/18/1998 8:52:00 AM
From: MMender	Read Replies (1) \| Respond to of 13091

HYPOTHETICAL QUESTION!!! Many of us have GRNO in our IRA accounts. Can this stock be transferred to a Roth IRA ( leaving the rest of the account alone ).A partial pay out of an IRA ( No penalty if we are over 59 1/2 ). We then pay tax on a $0.50 stock. This also spread over 4 years. If, as we hope, the stock goes up when Roth IRA is cashed in, or is inherited, there would be no tax at all on gain. Any input out there in GRNO land? HYPOTHETICAL QUESTION!!! Regards, Eli

To: Hawkmoon who wrote (8949)	3/18/1998 9:01:00 AM
From: Charles A. King	Respond to of 13091

I am not too concerned about the possibility of some kind of conspiracy against GRNO. While a prospective takeover company might not want to pay too much for GRNO, a lot of progress must be achieved by GRNO before much real interest in it is earned, in my opinion. GRNO's appeal is world wide, not confined to its own back yard, and once it has proven its technology in a practical setting, I believe there could be more than one possible suitor. In the meantime, GRNO must sell, sell, sell those plants and rake in those payments. Otherwise, it's all academic. A year ago, I didn't want GRNO to be taken over. If Bill didn't want to continue running it, I would have wanted somebody else to set up an operations entity. Then analysts could have done their growth projections based on expected operations installations and the stock should have been set up to appreciate almost indefinitely. Now, all I want to see is for the stock to get back to where it was a year ago. Charles P. S. That's what I did in my IRA, Eli. I don't know whether that is right or not, but thought I might as well try it.