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

To: Scott Ferguson who wrote (9077)	4/6/1998 3:13:00 PM
From: John Chylek	Respond to of 13091

>The Company has extended its agreements with Istanbul, Turkey-based MANOVA ARITMA CEVRE DORUMA PETROL (Manova) from March 31, 1998 to April 30, 1998 to accommodate the principals visit to Charleston, S.C., scheduled for April 14, 1998.< Scott, this is a positive development. MANOVA visits the site, orders a couple of processors, etc. John

To: Scott Ferguson who wrote (9077)	4/6/1998 3:34:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Scott, a very good question. Deserves a good answer. I'll admit up front, I'm going to have to reach a bit. The plant was operating to make a point, the point being that the plant does run. Anybody who still doesn't believe it will never believe it. Everything about this company is out of money, so the plant must be shut down. We have discussed how low the price of product is. The company doesn't have the money to buy huge quantities of feedstock in bulk to save costs in transportation and testing. Money is lost on every gallon as it must be presently run. DHEC has decreed that it must operate at 250 gallons per hour which in this time of low prices doesn't pay the cost to operate the plant. So the personnel had to be laid off. I don't pretend to understand why the permit application wasn't modified to 1,000 g/h a year ago. I don't pretend to understand why the permit isn't modified now or wasn't at any time in the past several months. In fact, I don't pretend to understand much of this situation except that the new pumps and stirring mechanism had to be installed. The plant should be running 24 hours a day at full spec to log time on the parts of the system, just to demonstrate to potential customers that it can run that way. Since DHEC won't allow that, there is no longer any point in running it. DHEC doesn't care that others lose their jobs, the folks at DHEC have theirs. This stock is dead money almost until October, at least that is what I read from the news release. Why October? Well, let me take some wild guesses, keeping in mind I haven't talked to GRNO for several weeks. Look how long it takes GRNO to get permits. I'll bet GRNO's customers are learning it is taking them just as long or longer to get their permits. Regardless of whether they have already applied some time ago, they still may have to wait for them to be approved. But surely by October some will be approved, and GRNO's will be as well. The scenario I see coming in October is as follows. GRNO's LP plant is operating full bore. Customers have their permits and are ordering units. Yes, I know they should have been ordering them long ago, but they haven't for whatever reason. GRNO's news release is saying to me that by October, things should have turned around sufficiently to the point that it is looking very good as an investment. Yes, I do believe it is saying that. So in October the meeting is held in Houston. I've never been to Houston, but I suspect it is the home of corporations who handle and process oil. Again, I haven't talked to anybody at GRNO in a long time, but suppose their plan is to send out a mass mailing to these companies announcing the meeting and suggesting somebody take a couple hours off and drop on by just to see what is going on. Maybe even find out about the technology, which they should be able to understand. What would that accomplish? We can only guess, right? Charles