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

To: Larry Selman who wrote (10368)1/5/1999 10:51:00 PM
From: Norman H. Hostetler  Read Replies (1) | Respond to of 13091
 
Larry, the LLP still exists and is still struggling to get enough money together to operate. At the present distressed diesel rack rates (they change a lot, but under $0.40), the 400 gph machine (current configuration) doesn't make any money, so there's no immediate rush. When rack rates were $0.60 earlier, it would have made lots of money. The long term intent is to upgrade to a 1000 gph machine, but that takes lots more money.

At present, if I recall correctly, GRNO owns 53% of the partnership and the limited partners 47%.

Hope this answers your questions.

=+=+=Norm



To: Larry Selman who wrote (10368)1/8/1999 5:17:00 PM
From: Carl Pergler  Read Replies (1) | Respond to of 13091
 
Larry: Let's hope they are too busy!! One thing I do know is that if the Chinese didn't make the second payment, I don't have much hope left. If they did make it, Bill should be able to pay for financials, and we are on the way back. I'd like to get an update from someone more knowledge than I. Let me know if you hear anything. Regards, Carl


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