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

To: Bill Fuller who wrote (9656)	7/4/1998 11:13:00 AM
From: Charles A. King	Respond to of 13091

Bill, I can only guess, but if GRNO's ex-lawyer has been already prevented from further practice in SEC law, maybe they feel they have done enough there. This is the beginning of a long expensive process and it has already been expensive for the stockholders. It will be expensive for the taxpayers too, but not for those bringing the complaint. O'Brien issued a "flash-aggressive buy recommendation" for the stock in a report from Tecumseh Asset Management. At the time, the company's prototype refinery "lay disassembled in a field," the SEC said. "When he wrote the recommendation, both O'Brien and Carraway knew that there was no reasonable basis for O'Brien's recommendation," according to the lawsuit. Again we see the political nature of this complaint. It should be crystal clear to the most basic mind that the value of GRNO was not or is not parts assembled or disassembled. It is in the intellectual property of GRNO that has already been built and demonstrated to any number of engineers. The reason for the parts laying in the field at the time was that DHEC had forced GRNO to move the plant and the Exxon bureaucracy hadn't gotten around to approving the lease at the new location. The fundamental process itself had already been proven to work before DHEC shut it down. What remained was the peripheral work such as selecting the right thermal oxidizer and pumps, installing the stirring mechanism, and getting the right permits. Charles