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

To: Martin Savitska who wrote (9799)	8/29/1998 11:29:00 AM
From: Martin Savitska	Respond to of 13091

Correction on the previous post. I think I meant a ten foot pole. This 5:30am start is "killin me man." Regardless, Marty

To: Martin Savitska who wrote (9799)	8/29/1998 12:26:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Marty, I copied the docs entirely and they don't mention any fines, just generic legalize and warnings. The real damage is done to us through the SEC action against the people involved which doesn't include G&S for the reason given in the suit against G&S. The question is, how will the story presented in the suit against G&S stand up against the suit by the SEC against Bill Carraway? Manova clearly believes in GRNO and Bill and continues to work to get their legislation passed. Let's hope that the filing of the suit against G&S will help to bring more support for us. I am now working on presenting the more important and informative points of the SEC suit and Bill's replies, keeping in mind he denies the SEC's basic philosophy of its complaint, that is that he deliberately set out to defraud investors. I have more comments to previous replies but want to get the SEC suit and reponse out first before expounding further on my own. Charles

To: Martin Savitska who wrote (9799)	8/31/1998 12:53:00 PM
From: Norman H. Hostetler	Respond to of 13091

Marty, I believe that you are correct in characterizing the SEC consent decree with GRNO as a slap on the wrist. There are no apparent present penalties against the company of any kind. However, a subsequent violation of any of the provisions will be seen as a violation of a court order, so the SEC could seek immediate injunctive relief without the necessity of their normal lengthy procedures. By contrast, the SEC suit seeks "an Order requiring Carraway, O'Brien and Reece to pay civil penalties persuant to [Securities Act] and [Exchange Act]," as well as disgorgement of "all ill-gotten gains or unjust enrichment," and "such other relief as may be just, equitable and appropriate in connection with the enforcement of federal securities laws and for the protection of investors." An example of such "other relief" might include disqualification to serve as an officer or director of a publically traded company. =+=+=Norm