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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 (10084)	11/7/1998 11:02:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 13091

Charles, then someone close to him should educate him on the floorless issue. He does not have the experience necessary to deal with bandits. Hayes people lost their company because they could not see the floorless coming. You see, he will assume that from now the stock will go up (and he may be right) but if he is dealing with "bandit like" counterparts, they will have him for lunch. It is important that we find out exactly what are the conversion clauses. I can live with a Fixed $1/8 rate better then a variable conversion rate that "hopes" for higher prices. The best would be a Variable Conversion rate (namely at the day or average of few days before funds disbursement) but never lower then a fixed price which is the day of signing the deal *the stock was actually trading then in the range of $.25 to $.49 if memory serves). Zeev PS, Charles you (and I) have not been hurt by the SEC, we have been hurt by GRNO's management. May be lack of experience on their part, yet the blame is completely in management's court. The SEC really did not have much of a choice. I am assumining the problem was lack of management experience, and thus my worry about the structure of the convertible preferred.