Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Brockman who wrote (9701)	7/14/1998 12:57:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

It would not be appropriate for us here to discuss what GRNO's legal strategy might be to recover its losses due to poor service by its previous counsel. GRNO still hasn't responded to the SEC complaint which it still has time to do. As far as any Chapter 11 filing is concerned, I think it is also premature to discuss that. But then I have always expected an order from Manova because these are substantial people who probably don't have to go to some other entity for their venture capital financing. They expect to get legislation passed to have waste oil collected in Turkey and to qualify for some kind of tax relief. Therefore they are well connected and wouldn't have the permitting problems that GRNO has had. Charles

To: John Brockman who wrote (9701)	7/16/1998 6:41:00 AM
From: Bill Fuller	Read Replies (1) \| Respond to of 13091

<lawyers...responsibility> Unless, of course, John, the SEC had made its own determination that the lawyers were NOT responsible for violation of the securities laws...as they apparently did by not naming them as a party to the SEC complaint. Although civil liability to the GRNO shareholders may be another thing. One thing that the filing of the SEC action does do is to give the SEC the power, through the Federal Court Rules of Discovery, is to require the production of documents and other records - and to take depositions of all concerned under oath. And, of course, for the defendants to do the same with respect to other witnesses, as well as to be able to testify fully, completely and truthfully themselves so as to clear their own names and reputations. And, the filing is not up on the SEC website yet. Perhaps one of the SC readers can take the time to visit the Courthouse and obtain a copy for posting - though it might be a bit long and a tedious typing job. Or maybe even get a copy from the newspaper reporter...or use a scanner.