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: Zeev Hed who wrote (10124)	11/9/1998 9:10:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 13091

Zeev, Might I step in here and offer my opinion. The preferred placement is in GRNO, the public corporation. However, I believe that further preferred investments by QA-PM Co. Ltd, will be dependent upon their investment in the Joint Venture. Ie. In the event that the JV partner is unable to finance the $3 million or they fail to achieve final Chinese gov't approval to export $1-2 million out of China to cover the costs of components, then there is no compelling contract that they must continue buying preferred stock. I believe that is what this "clause" means. So in sum.. if I understand it correctly, as the JV partner places cash into the JV, they will purchase an additional amount of preferred stock in GRNO, the corporation. I like this because GRNO gets money, but the onus for financing the processor is on the JV partner. Should things go to hell, like a trade war with China, then GRNO still has lost nothing and gained additional capital through the preferred shares for the trouble. The JV partner probably likes it since he gets to participate in any accretion of equity value on his preferred shares. (which hopefully will one day cover the cost of his investment in the JV) Any other perspectives?? Back to my box... Regards, Ron

To: Zeev Hed who wrote (10124)	11/9/1998 9:38:00 PM
From: spinynorman1323	Respond to of 13091

Zeev, This..... "The China Partner will purchase a total of 1 million shares of Green Oasis Series B convertible preferred stock ( $1.00 par value) for $ 1.00 per share, of which the first investment trounch of $100,000 has occurred. The China Partner will purchase the additional 900,000 shares as follows: December 1998, 100,000 shares, January 1999, 100,000 shares, March 1999, 200,000 shares, April 1999, 500,000 shares. In addition the China Partner will capitalize the joint-venture company with not less than $ 3 million US dollars." .....added to this..... "All investments by Qingdao Asia-Pacific Motorcar Co. Ltd. are in US dollars and the purchase of the Series B Convertible Preferred stock directly relates to the scheduled budgeted investment of $3 million dollars US in China by the China joint-venture Partner to the benefit of the joint-venture company,.." .....seems to me to indicate the $3M investment to capitalize the joint venture will be distributed in increments concurrent with and proportional to the purchase of the preferred stock that seems to be going into GRNO's coffers. My interpretation in summary. With each payment to GRNO for the preferred shares (money for GRNO), the China Partner will also release (or insert your own verb) a portion of the $3M towards completion of the China site (money for the joint venture). It seems to me "directly relates" in the latest release might mean proportional to or something or other. What the heck, as long as the checks don't bounce and a US Prez is staring BC in the face, keep em coming I say! Happy as guano that the convertible preferred have a floor. Thanks again for your insight into the convertible issue. LLP Mark

To: Zeev Hed who wrote (10124)	11/9/1998 10:29:00 PM
From: Martin Savitska	Read Replies (1) \| Respond to of 13091

Zeev, This sounds better than even what I was hoping for. This looks like the kind of deal Bill has worked in the past with the previous Preferred. Bill definitely seems to have the knack and focus to protect the volume of common in the float. This sure looks like a great deal to get this company back on its' feet. Actually it would be the best footing the company has ever had. For Bill's sake, he's been put through the ringer and it'd be nice to see this succeed. Regards, Marty