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: Scott Ferguson who wrote (9882)	9/19/1998 11:47:00 AM
From: Ferick	Read Replies (1) \| Respond to of 13091

Check out www.environmentaloil.com

To: Scott Ferguson who wrote (9882)	9/19/1998 7:38:00 PM
From: Kip518	Respond to of 13091

Seems like Stark's going to have to come up with a new example some day. Quietly and generally off the record, companies complain that the Securities and Exchange Commission should be doing more to police and deal with chat rooms, although nobody can rightly suggest how. For its part the SEC says last month it formally named an office of Internet enforcement. Headed by John Reed Stark, the office has trained an 85-member "Cyberforce" team to patrol for SEC violations in chat rooms and elsewhere on the Internet. "The best you can do is circle the wagons," said Stark, about the daunting task he and his team have set before themselves. "We're trying to educate people." .... It's true that the SEC can't impinge on investors' rights of free speech, but it can take its leads from online antics and move from there. A recent example of an online nab: On Sept. 1 the SEC announced that it had filed a civil lawsuit against a South Carolina company that claimed it had technology to turn waste motor oil into usable fuel. The suit claims that Green Oasis Environmental, Inc. had used false and misleading press releases "and other public statements" to increase the price and volume of its stock for the owners' personal profit. The SEC accuses the top executives of Green Oasis of employing a PR firm to routinely post positive statements about the company in various online chat rooms, and of creating an online newsletter touting the company. The suit alleges that they also conducted an unregistered partnership offering via the company's web site, and ultimately sold more than $3 million of Green Oasis stock. (The company denies the charges, and has filed a malpractice lawsuit against their own attorney's office, according to Bloomberg report.) signalsmag.com