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

To: Jack Wurster who wrote (9502)	6/10/1998 9:20:00 AM
From: Charles A. King	Respond to of 13091

Jack, very interesting inputs. First, I think there is progress with DHEC according to the latest press release, so it is likely GRNO won't be forced to leave SC to operate. Second, the company doesn't have the money to move now. Third, your remarks regarding the economics of operating in Kaufman County deserve serious study. Perhaps something could be worked out in the future between GRNO and your waste disposal facility. Being in the neighborhood of Dallas should provide a good supply of feedstock. Other costs being low, I think a GRNO machine could supply a good income stream for the facility. Never having seen one of these machines being allowed to operate at 1000 gph, all I can do is guess and your guesses are as good as mine. Suppose you operated a Model 1000 for 328 days a year, assuming that you would always be able to operate longer than that in the average year. Assume also that all the fixed costs of operating this machine would be $460,000 a year and this is strictly a wild, unscientific, uneducated guess. Then to break even, the difference between the cost of feedstock and the average price of product sold would be $460,000 / 328 days per year / 24 hours per day / 1,000 gallons = 5.8 cents. That is, as long as the price of diesel plus fuel oil sold was 5.8 cents per gallon more than the cost of your waste oil, you should make a profit. Bill Carraway should do a better job of calculating costs than me, but you get the idea. From the news release of April 6, newsalert.com The Company's environmental consultants, Regulatory Strategies, have confirmed with the Texas Air Control Board that the Model #1000 Green Oasis plant falls within the Standard Exemption List, Regulation VI, Control of Air Pollution by Permits for New Construction revised 1996, regarding the installation and start-up of the plant for AMBIX Technologies, Inc. in Bay City, Texas (see press release of March 6, 1998). Much of the agony associated with placing these machines has to do with interference by government. With state and local governments on your side, maybe all you need is financing and you say funds are available. Why don't you give Bill Carraway a shout at (803) 722-5771 and discuss your thinking with him? Charles