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: Charles A. King who wrote (9942)	10/12/1998 9:53:00 PM
From: MMender	Read Replies (3) \| Respond to of 13091

Charles, my recent trip to China was extremely enlightening. All over the parts that we visited there was construction going on. Roads being widened, new highways and as we learned on our flight back, whole new cities being built to house industries (enterprise zones within existing cities also). Shanghai has 1.2 Million cars, loads of motorcycles. Old style huge 1 cylinder engines power boats on the rivers and the Grand Canal. The waste oil problem must be bad and getting worse. However, the government, seems to interested in construction and jump starting the manufacturing community first and the environment second. There was an attempt to clean up the air in Xian and other tourist areas. GRNO deals with China would be a 2 edged sword. We could really use the cash it would bring in, but what would happen to our technology once out of our hands????? Regards, Eli

To: Charles A. King who wrote (9942)	10/13/1998
From: Norman H. Hostetler	Respond to of 13091

I don't know, Charles, if a Chinese joint venture would be a good thing. I'm even suspicious of reverse engineering if they buy a machine. Right now, the Chinese government finds it in their interest to promote cooperation with foreign high tech outfits, but what if they change their minds two or three years from now? How much protection could GRNO expect in Chinese courts? I grant that there's a lot of waste oil in China, so theoretically there ought to be a very profitable opportunity there, once an effective collection system is invented. But, in a joint venture, could GRNO repatriate the profits? I read another article that said that the Chinese government was tightening their strict controls on the export of money (threatens the economic stability of the yuan), except in specific cases approved by the government. So GRNO and the company in Ching-dao build a great system and install processors all over China and make a billion dollars, and then the Chinese government says that the only thing GRNO can do with their share is to reinvest it in China. Then what? Would a previous agreement stating that GRNO could take its profits out of China be worth anything? =+=+=Norm