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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?

To: Norman H. Hostetler who wrote (10174)	11/12/1998 2:12:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

I wouldn't surprise me if the MMs were playing games, especially if they thought there was a huge overhang of GRNO stock to be sold in 1998. The recent increase in volume has caused their spread to drop from a triple (1/8 X 3/8) to a double, poor things. Charles

To: Norman H. Hostetler who wrote (10174)	11/12/1998 2:13:00 PM
From: John Crovelli	Respond to of 13091

Norm, the MM has this all to himself. So in that light whatever the market will tolerate will be done for sure. Wish we would hear something from the Turkish folks. That would fan the flames a bit more. John

To: Norman H. Hostetler who wrote (10174)	11/12/1998 4:41:00 PM
From: John Crovelli	Respond to of 13091

Norm, looks like today there 18.5K shares traded, range 7/16 to 3/4, last 1/2. Volume is picking up for sure. But the MM has a money-making machine with this one until we back to normal trading. John

To: Norman H. Hostetler who wrote (10174)	11/12/1998 8:56:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 13091

Norman: I went back to reread the "clarification" of Nov 9. The preferred are a "strange" financial animal, here is the quote: "2.5 million shares of Series B Convertible Preferred Stock ($1.00 Par Value) authorized, of which 335,000 shares are outstanding, including the investment of the China Partner, which shares are convertible to GOE common stock at $0.75 per share (seventy five cents), and which pays a cumulative interest rate of 10%.. So what is the problem? Well, preferred stock can pay dividends not interest . Interest is usually paid on debt or convertible debt. This becomes important once you go down to ask for additional financing, it is also important for various tax reasons (for instance, corporations are not taxed on 80% of dividends they get from other corporations in which they hold securities paying such dividends, interest is regular income.) I do not want to give the impression that this mix up by itself is a problem, it is only an indication, IMHO, that our corporate captains are mixed up as far as securities of different kinds are concerned, and they should come up to speed. Zeev