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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 (9147)	4/14/1998 10:35:00 AM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

How many still believe? What I am about to say may be very unfair to GRNO and the investors who read this, but there has been a question about whether the amended permit has been applied for. This calls into question the credibility of GRNO itself. Do we believe this investment is worth waiting for? What I want to do is point out where we seem to stand with this investment because it differs entirely from where I thought it would be at this time. I want to get an idea of what the rest of the thread thinks of GRNO as an investment. Referring to the publicly released documents, I will itemize where it seems to be. 1. The plant has been shut down because it loses money as long as it runs. That means a casual visitor who drops in unannounced won't see it running. 2. The Turks are here to begin negotiating with GRNO to buy the first plant sold in 1998. So far no other customer has deposited enough money to start work on a plant. It is important that plants are ordered so that cash will be deposited and work started. I wonder how many prospective customers decided not to risk deposit money on such a precarious situation like GRNO. I think the Turks realize that and know how important their order is to GRNO. How many pounds of flesh will they demand in the negotiations? They have repeatedly postponed this meeting which may indicate they aren't in any big hurry to make a deal. I think it could even be possible that the Turks could be so unreasonable and Bill Carraway could feel so confident in the eventual success of GRNO, that a deal may be difficult to achieve. 3. AMBIX has deposited a total of $100,000 over a period of time but hasn't deposited the required 30% yet. An air permit is apparently not necessary for the plant in the state of Texas, but so far there has been no cash deposit sufficient to start work on a plant. 4. No other prospective customer has made an appearance in a news release in 1998. 5. The SEC "investigation" still hangs over this company like a Sword of Damocles, spooking away investors. 6. DHEC still hasn't permitted the plant to operate properly. This prevents GRNO from logging time on the system to prove that all the components can endure full throttle operation for a long period of time and to identify weak designs. I'm sure this also turns away business. 7. Last year's meeting was held in May. This year it will be held in October. 8. GRNO lost 11 cents a share last year. 9. Product prices are around all time lows and it isn't known how long it will take for normal conditions to return. 10. We learned earlier that CEO Bill Carraway holds relatively little personal GRNO stock and he and his wife sold a lot of stock which was unknown to us. 11. The stock which traded as high as 10 has been trading well under a dollar. 12. GRNO has a large negative net worth. I want to see another vote by the posters and lurkers on this board, except this time I want us to keep voting every day until we find out one way or another what came out of the meeting with the Turks. If the news of the order isn't posted quickly enough, optimism may be replaced by worry and the daily voting should show that. This is more precise than watching the stock trading due to the low volume. As I said, I am being brutally unfair here - in fact I feel I am being unnecessarily cruel. By that I mean that although the statements numbered above come from public documents, they do not necessarily present the whole GRNO story. My opinion is that if GRNO survives this period, it will turn out to represent the nadir, the low point, of GRNO's current era. If GRNO does not survive, nobody will care very much how we voted. At least I won't. But if it does go on to recover, it will be interesting to go back like fiendish scientists and compare this vote to subsequent ones. Please go to stockmaster.com Scroll to the bottom and vote on how you feel about GRNO's prospects for the next 3 months. Charles