To: Norman H. Hostetler who wrote (18 ) 12/12/1998 5:47:00 PM From: surelock Read Replies (1) | Respond to of 121
Norman, thank you for your valuable contribution to this thread. I know nothing of the company you have invested with (GRNO), but will have a look. I agree with all the points you have made, and am grateful for the opinions that you have posted from others knowledgeable in the area. Clearly the point is that setting up these kinds of oil cleaning operations is no simple matter. It is time-consuming, costly, and by no means a guarantee of profits. Here is what I do know: those who controlled CGEE were run- of-the-mill Vancouver hustlers. Those who now control it (if indeed there was a clear change of control) are making vague claims in far-away countries, and have offered no real information, or means by which their claims can be followed up on. (I too have a good contact in Poland currently operating a recycling plant, and am anxiously waiting to speak to him regarding the CGEE claims.) The writeup as posted on this thread is a joke. (Anyone with more info about StockNetworking news please post!!) The market cap for a startup company is laughable. They split the stock because they owned it all, and figured it would be better to have 9 million shares of a $5-$6 stock, than 3 million. Because they own it all, they can put the price where they want, that is until pro shorts become alerted to this vague impersonation of a company. There are only two possibilities, as I see it. Either this whole deal falls apart in the next few weeks, as it becomes apparent that no-one will pony up the $3 million they need to close the deal (see press release), or, they do manage to raise the $3 million, in which case the deal will slowly grind to zero over one or two years, as the escrow shares get released, and reality sets in. Here is something else I know for a fact: the SEC has been notified. SH