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

To: DIVER who wrote (9115)	4/8/1998 3:49:00 AM
From: Norman H. Hostetler	Respond to of 13091

To all: I am amazed at the amount of paranoia on this thread and the resulting tendency to overlook the obvious. 1) Companies move annual meetings around for all kinds of reasons. One of the utility companies in which Brenda owns stock rotates its annual meeting into each of the eight states in which it does business. Bill said at the last annual meeting that he wanted to meet somewhere that would be easier and cheaper for most people to get to. If everything had gone the way we had hoped and GRNO had closed on the deal to acquire the waste oil collector in Commerce City, CO, and had a machine installed on site, the meeting would have been in Denver. If you take a look at a map of Texas, you will see that Bay City is a suburb of Houston; I expect that Ambix Technologies will have one and possibly two processors installed and operating on their site there by October. 2) One of the reasons that GRNO no longer intends to make the smaller processors that it initially envisioned is that the fixed costs are too high in relation to the output. The total fixed costs are almost identical in the larger processors--it still takes only one person to operate the equipment. In fact one person can probably operate two or three of the processors, at which point the fixed costs really get low. The rack rate for diesel in Charleston recently fell below $0.40 per gallon and a 250 gph machine simply can't make money at that price (the inability to contract for a substantial, on-going supply of waste oil in the current constrained circumstances doesn't help). It really doesn't make a lot of business sense to operate the machine at a loss, particularly for an extremely cash-poor company (and partnership) with insufficient reserves to be able to weather occasional price slumps. 3) If you think about it, many other connections can be made to the cash-strapped situation. Last year, it cost about $50,000 to do all the necessary mailings, collections of proxies, etc., in connection with the annual meeting. Until they get paid for a machine, the company doesn't have that kind of money. Hence no annual meeting until October. 4) I'm sure the skeptics are assuming that by October a company this poor won't be in business any longer, making the cost of the meeting a moot point. But the situation really isn't that grim. I fully believe that the patient investors are going to see the potential of GRNO, as a business and as an investment, being realized well before then. For the first time since the SEC suspension of trading last May, I am again recommending GRNO to my friends as a purchase--I don't think the opportunity to average down or enter at these extremely cheap prices will be around much longer--no guarantees, of course, but I'm advising not planning to wait past the end of next week at the latest. I'll be very surprised if the Manova people are coming for any reason except to sign contracts or if Ambix lets the opportunity escape to obtain the tax credits that expire on June 30. 5) I can understand people's frustration at an investment that is now a year behind schedule in maturing. But making investment decisions on your emotions is a loser's game. Look at the evidence carefully; remember that press releases now are being written by the very cautious GRNO attorneys; call to get your questions answered instead of making guesses (has anybody called GRNO's agent, Regulatory Services, that is handling the permitting with DHEC?). And if you still decide you want to sell, send me an email--we can probably work out a private transaction rather than put up with the insane spread (at one point this week $0.25 bid, $0.75 ask). =+=+=Norm

To: DIVER who wrote (9115)	4/8/1998 7:11:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 13091

Bill, I have no problem with what Robert did as I sense, and feel to a similiar extent his frustrations. I know Robert K, I count Robert K. as a fellow shareholder and friend of mine, and let me tell you Bill... You're no Robert K.... <wink> And as you recall, I asked you for hard copy documentation, which you promised to send me but never did, to verify your claims. Bill, sorry to say it, I count you as a Debbie G. (Rusty Leigh). Just another vindictive element from the past with their own agenda. I can handle both good and bad news. I just want to know what the hell is going so I make a proper risk assessment with my investments. And that is all I have ever wanted. "Good" to see you still follow the thread.... :0) Regards, Ron