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

To: michael Flynn who wrote (9874)	9/17/1998 3:18:00 PM
From: Norman H. Hostetler	Read Replies (2) \| Respond to of 13091

Mike: answers-- 1) I don't think there was any intention to move to Texas. I think an intention to hold an annual meeting in Texas may have been misinterpreted. Even if there was a desire to move corporate headquarters, GRNO has no money to do it now. 2) Who knows? The fact that Bo has not sent the 30% required to initiate an order (such an event would necessitate a press release) is not a good sign. 3) It is the intention of the partnership to activate the Charleston processor as soon as possible. At present, there is not enough cash to buy waste oil, hire labor, and pay other expenses until receipts for sales start coming in about 14 days after startup. The partnership, through the general partner, is exploring several avenues, none of which can be identified, to raise the necessary cash. 4) Bill tells me that he regularly seeks to make contacts with and receives inquiries from entities who might be interested in purchases. Since the purpose of the company is to build and sell processors, this is a normal, on-going activity. Bill says that the settlement with the SEC by the company has removed a major barrier to possible sales contracts. Naturally, none of these contacts can be identified until an actual sale has occurred. Bill is defining a "sale" these days as the receipt in Charleston of the 30% downpayment required by the company to initiate construction activity. Such an event, he believes, requires a press release, since it will be substantial material information about GRNO. So nobody will be left in the dark when such an event occurs. 5) Obviously, yes, any rise in the price of fuel oil (diesel) will improve the profitability of the processor and hence of the company. Except for the feedstock (waste oil), practically all of the costs of operating the processor are fixed costs, so practically all of the increased revenue from increased diesel rack rates (wholesale prices) drops to the bottom line. If you calculate the diesel production per year by a 1000 gph machine, you will see that a rise of $0.01 in diesel sale revenue adds about $50,000 to annual profits. =+=+=Norm