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

To: Scott Ferguson who wrote (9704)	7/14/1998 3:44:00 PM
From: Charles A. King	Respond to of 13091

Scott, be aware that my enthusiasm is heavily bridled. It just seems relatively unbridled when viewed in the context of the times. John, I can't speak for the SEC to explain why the SEC doesn't even mention GRNO'S previous lawyer except to suggest that since he no longer practices SEC law, the SEC thinks they have done enough to him. Needless to say, we don't think like the SEC or like lawyers. Charles

To: Scott Ferguson who wrote (9704)	7/14/1998 5:54:00 PM
From: R KIEFHABER	Respond to of 13091

Only my opinion. 1) The SEC lawsuit was inevitable. It is necessary to be formally charged to arrive at any resolution. This will take time and I am betting that an out of court settlement is reached. 2) Negligence of our previous counsel, (Mr.Anderson I believe), is the responsibility of GRNO to prove not the SEC. This will come in the form of a lawsuit by GRNO. It doesn't make sense for GRNO to initiate this action until the SEC gets done and they know the total extent of the damages. 3) As for the MANOVA deal, I don't think the Turks give a damn what the SEC thinks of GRNO. They will closely monitor the construction of their refinery and not get too far ahead in their payments to GRNO. No one else can provide the technology to solve their waste oil problem at this time. From what I have read the Turkish parliament is still in session and I believe MANOVA is still expecting a vote on their tax relief before parliament convenes for the summer. 4) As far as Chapter 11, I don't think Bill has been pumping money into this company for the last twelve months to give up now. In fact, I am glad he and his wife sold the stock they did when they did because I believe it is this money that is keeping us alive now. I for one am still optimistic that there will be a sale in the near future. Keep in mind that one refinery produces roughly $1M in profit. This could solve a lot of SEC problems. As I have said before, as long as Bill keeps going to work, we still have a chance. Best of luck to all, BOB K