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: Bill Fuller who wrote (9788)	8/28/1998 9:30:00 AM
From: R KIEFHABER	Read Replies (1) \| Respond to of 13091

"Score one for GRNO and Bill C." This, I think everyone will agree, is good news. If nothing else this action adds to Bill's credibility. I have found that most of what Bill says to be the truth to the best of his knowledge. His biggest flaw is that things don't always happen when he anticipates. I disagree with the statement "that we have plenty of time". My biggest concern is that someone else will duplicate our "patent pending process" while we are fighting in court. I still believe in the man and the process. I have been adding to my position recently and will continue to do so at these prices (or until my wife finds out). Best of luck to all (especially Bill C and crew) ! BOB K

To: Bill Fuller who wrote (9788)	8/28/1998 10:57:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Bill, it appears the plaintiffs in the case against G&S agree with you that G&S will wait for the SEC to do its own discovery. The plaintiffs predict the process to take 12 to 15 months and it took the SEC 15 months to do its investigation before it brought the suit. Bill's own response to the SEC's suit is to deny all allegations of deliberate wrong doing. He says he is without specific knowledge of the activities of Bo O'Brien and Ron Reece and must deny allegations of the SEC pertaining to them. He admits statements of known facts. While there are many other statements Bill makes in his response to the SEC's suit, the document is 210 paragraphs long, the hour is late, and I need to read and study it before commenting further. Charles

To: Bill Fuller who wrote (9788)	8/30/1998 8:26:00 AM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Bill, while the insurance company may be calling the shots, they also must be careful. On March 18, 1997, GRNO stock traded in the approximate range of 6 1/16 to 6 5/8. The last trade Friday was at 1/8. What the stock actually trades for now is impossible to determine since it is too easily manipulated, but my point is that the SEC action has caused a large drop in stock value. Take that times roughly 6 million shares and apply the treble damage theory and you have a number that far exceeds the insurance coverage or what G&S could ever pay. In other words, rather than having a customer who they might be able to raise future rates on, they may have a customer who will cease to exist. Maybe they think they have nothing to lose by stalling and they may be right, but I don't think they will want this to go to trial. Charles