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

To: Charles A. King who wrote (9810)	8/31/1998 6:12:00 AM
From: Bill Fuller	Read Replies (4) \| Respond to of 13091

"...I don't think they will want this to go to trial." With insurance companies you never can tell. In this case they can wait for the SEC case to complete, and then decide what to do...all the while NOT paying out anything - so say three years from now, they've saved the earnings on whatever they might have to pay - i.e the value of $1.00 paid then is only $0.70 now. And it's not clear what the damages are to GRNO - G&S's client - certainly not the loss in market value - that is a loss to the GRNO stockholders. GRNO's losses are legal fees, etc., and perhaps lost opportunities - but that may be hard to present with a straight face, given the multiplicity of sham deals. As for BC and family - well, there is an interesting question there, as, no matter how much he may have relied on G&S, one basic question may be as to whether BC et. al. were G&S clients. If not, as is likely, then they may not have standing in this lawsuit as they were not clients of G&S. BC et. al. were very foolish in not having their own counsel to provide independent advice re their handling of securities transactions. It's a not unusual situation in small closely-held companies - and one fraught with danger for the individuals. And the GRNO shareholders now are faced with a dilemma. If you accept BC's pleadings as truthful, then are the shareholders willing to continue to place management of GRNO in the hands of a CEO who readily falls under the spell of a man such as Bo, does not verify the validity of numerous major transactions/happenings, and when the world collapses places all the blame on others? And while drawing hundreds of thousands of dollars from GRNO to pay his personal legal fees, ceases to provide any kind of financial information or reports to the shareholders on the excuse that the company can't pay its accountants? Therefore no financial information, no annual meeting, no nothing. If GRNO is going to get anywhere, how is it going to do so with a CEO who spends most of his time embroiled in these personal and corporate legal entanglements? I'm still optimistic that the system may work - given the chance. So anything that detracts from that chance is an impediment that should be dealt with. Bill Fuller