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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 (10012)10/28/1998 11:46:00 PM
From: Jim Gary  Read Replies (1) | Respond to of 13091
 
Charles & All:

Here's a place to read about some disturbing activities that GRNO stockholders might be a little nervous about.

sec.gov

Some of the described activities are similar to what I have read about this company. We can all hope that what Mr. Carraway and his associates have done with this company does not fall into the category of some of those referenced in the SEC legal actions. If so dark days are ahead for sure.

I want to believe that Green Oasis can overcome SEC problems and get on track. I am concerned that even with a patented process which should be the basis for a thriving business some of the principal's past activities seem to be manipulative. If the process works as stated a straightforward business plan should not need any flim-flam to make it succeed.

These are just the sincere concerns of a stockholder who about this time last year sold my stock at considerable loss to establish a tax write off. I then bought it back at a lower price in hopes of future success only to see it go into the tank again because of further decline in the price of the stock. At this point I can only hold my stock and pray that this is not one of the scams referred to in today's legal actions taken by the SEC.

Sorry to sound so negative but I am a concerned stockholder.

Jim



To: Charles A. King who wrote (10012)10/29/1998 5:56:00 AM
From: Bill Fuller  Respond to of 13091
 
Charles

Something Bill could do to make matters clear and defend his name and reputation would be to cause GRNO to file the 10-Q and 10-K reports, with appropriate financial statements (they could probably be unaudited for the 10-K given GRNO's situation) and disclosure, which have not been filed since the 9/97 10-Q - at which time Bill had advanced $62,000 to GRNO. This would certainly substantiate the amount of financial support he has provided to keep GRNO alive.

From 9/97 10-QSB
"The Company loaned the Chief Executive Officer ("CEO") $186,000 during the second quarter of 1997. During the third quarter of 1997, the CEO repaid the amount loaned to him in full and loaned the Company $62,000. Such amount remains outstanding at September 30, 1997. In addition, during the second and third quarters of 1997 the Company has paid $184,000 in legal fees for its CEO and other directors. The legal fees are related to the SEC investigation."

The lack of currently filed 10-Q's and K's is also probably a substantial impediment to any marketmaker beginning trading, or making a market, in GRNO.

Bill Fuller