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

To: Bob Brooke who wrote (9303)	5/5/1998 8:18:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 13091

Bob, How do you know that BC hasn't been putting that money back in?? Haven't asked him, have you? And I bet you never asked him about how much he invested in the company from the beginning. Give him a call and report back to us. <wink> And Bob, what do you think the SEC halt was about???.. Selling Lemonade without a license?? However, we haven't seen any charges pressed as of yet. And had BC been involved in a SCAM, it would have been far easier to leave the country, and he and his wife would have sold all of their stock at the top, not in the middle or lower price range. Regards, Ron

To: Bob Brooke who wrote (9303)	5/5/1998 8:57:00 AM
From: Charles A. King	Read Replies (2) \| Respond to of 13091

>>>What did they do with the diesel they were producing during the 4 months or so between the anouncement they were running "continuously", and suspending operations. <<< For clarity I refer you to the GRNO research page, specifically the estimates on a plant's operating costs. Message 3071867 The post estimates approximately $400,000 for the more or less fixed costs of running a plant for a year including personnel to operate it 24 hours a day, 7 days a week plus operating depreciation. The cost of feedstock was estimated to be 17 cents and the price gotten for diesel was 62 cents, a gross margin of 45 cents. Operating the plant for 328 days would yield $1,725,440 plus what could be gotten for the heating oil. But that does not reflect the situation so far. As I explained in the above post, feedstock typically costs more in this part of the country right now. Plus GRNO is in no financial position to go out and buy and store barge loads of feedstock to get the price down, so it must purchase feedstock a truckload at a time. Each lot must be tested to DHEC specifications and then retested before the diesel is sold. I don't know what the testing plus small lot size adds to the cost of feedstock, but it must be significant. So let's say the cost of feedstock is not 17 cents but 25 cents a gallon. And we know that last winter the price of fuel was at least 23 cents lower than normal. Let's assume the price of diesel was 42 cents a gallon, changing the 45 cent gross margin to 17 cents. And we know that DHEC mandates an operating level of 200 gallons of diesel (250 gallons of feedstock) an hour. $0.17/gallon X 200gallons/hour X 24hours/day X 328days/year = $267,648 annual rate for the diesel actually produced plus something for the heating oil. From this the estimated fixed annual cost of $400,000 and you see it didn't pay to operate the plant except for R&D and demonstration purposes. Charles