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

To: Syd Deem who wrote (9642)	7/3/1998 10:09:00 AM
From: Marlin C. Harmon	Read Replies (2) \| Respond to of 13091

The question is- where does the fine money go if it is collected, to the SEC or back to the shareholders who have been damaged by the alleged fraud?

To: Syd Deem who wrote (9642)	7/3/1998 10:35:00 AM
From: Hawkmoon	Respond to of 13091

Syd, That's the way the ball bounces. But there is a big difference between what is alledged and the actual facts of the matter. Obviously, not having seen the actual suit(it has not been posted to the SEC website), I cannot comment upon its contents. And quite likely, my legal counsel will skin me alive if I do so in the future. Hope you all understand. But the record will show that neither my wife nor I have sold a single share of our sizable holdings of this stock and that we were buying GRNO stock throughout the spring of 1997, well after the stock hit it's highs (and after the partnership offering as well.) And as we limited partners all know, we have not made any money off of that investment either. However, I would like to clarify one thing. My agreement for the LP was contracted at $50,000, with $30,000 paid in cash up front with the remainder contingent upon my procuring additional personal funds(My wife and I maintain separation of individual finances). Lacking the ability to pay the remainder, I had an option to revert to a 1/2 partnership with the remaining $5,000 to be returned. I have reverted to a 1/2 partnership and obviously GRNO has not had the money to remit to me. C'est la vie. But the allegation of receiving a discount on the LP is also questioned by the openess of the disclosure agreements between LP and the accounting books. We all knew that one of the LP's was an accountant with a desire to regularly peruse the LP books. Any such "discount", were it such, would have be closely scrutinized by this, and other LP's. In sum, my participation in this investment here and personally has always been centered on doing our diligence on the viability of the process and the potential possibilities of consolidating the waste oil industry. I asked and WANTED any derogatory information to be brought out into the open so that we, as shareholders, could take action and get the proper answers or information. I just wish that I had paid as much attention to the administrative side of diligence (Form 4's, 13D, 144.. etc) as I did trying to assess that this process actually was technically feasible and practical. Had I done so, then maybe I could have brought this matter to BC's attention and gotten action. But then again, Mr. McDermott has never shown any interest in the technical side of this story and the jobs that it could mean for that community. Regards, Ron