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

To: Hawkmoon who wrote (9536)	6/15/1998 8:26:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

The EPA's final blessing is the rubber stamp GRNO needed and should help to impress prospective foreign customers. Ron, your argument is a good one about the strong dollar helping GRNO because of oil prices tied to the dollar. That makes imported energy more costly for countries with soft currencies and will help GRNO sell plants. Cleaning up waste oil in an environmentally friendly way will help in another very important aspect of foreign sales - tax relief. I am antsy to see the Manova deal be announced some time in July and to see more of the details of that order because of the attempt at tax relief. If they are able to pull that off, it could be quite an eye opener. I'm hoping that more overseas sales are made with similar tax exemptions by using the Manova deal as an example. If it hadn't been for government interference, GRNO would now be swamped in cash which they could be using to scarf up waste oil collectors. As it is, GRNO needs to sell plants anywhere to anybody even though the original business plan was to sell foreign and try to keep domestic markets for its own operations. In its own perverse way, the SEC is forcing GRNO to stick to that plan because US investors are scared off. I don't know why foreign orders haven't been placed except for the fact that the plant has not been allowed to operate even at 600 much less 1,000 so there isn't any long term full throttle operation data for customers to study. I'm hoping GRNO gets an order from Manova which will leave enough cash for GRNO to get the LP plant running at design level full time. I fully expect that by the time an order from Manova is placed, GRNO will have the permit to operate. I can't imagine Richardson having the gall to keep up his dog in the manger act any longer because surely it isn't just GRNO and the EPA looking at him now. DHEC should have asked for the EPA ruling years ago. Charles