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

To: The Vortex who wrote (10400)	1/20/1999 8:25:00 AM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

To all, thanks for your contributions to the thread. The reaction to the news was better than it might have been without some excellent DD. Vortex, your comments are worth a reply. What of the allegations that BC sold gobs of shares during the great GRNO price runup of '97? Apparently, he sold shares at an average price of about $4 or so. Those shares were sold so that Bill would have the cash to keep GRNO operating. Going back and going through the numbers that were in play at the time such as the expected future price of oil and distillates, selling the stock was a sacrifice necessary to keep the doors open. However, if GRNO had even minimal legal advice, he would not have traded his stock after the SEC investigation started. Who could have known that the price of distillates would crash and that the huge law firm of Gambrell and Stolz would turn out to be the law firm from hell? BTW, I am also looking into this organization called US Investment Alliance or whatever. They are in Charleston:843-722-8742. They dont appear to have a webpage. I do hope you are right, Bob, but all these setbacks and false starts do not give me confidence. Looking back over GRNO's history, one can only stare in disbelief at the events that occurred. How could anybody have predicted that DHEC would dig in their heels and withhold the permit for a whole year for no good reason? Who could have predicted what happened to oil prices? Look at what the legal system has done to us. From the wording of the press release title "Green Oasis Environmental, Inc. Terminates China Joint Venture", it appears that GRNO was the party which terminated the JV (or is this just BC's clumsiness with language?). I think it is highly unlikely that GRNO unilaterally terminated the JV. It had to be caused by the failure by the Chinese to continue to pay the $100,000 installments that are needed by GRNO. The timing of the termination must have been dictated by the legal procedure for doing so and the wording dictated by the lawyers. Now please pardon my hopeful, irrationally optimistic fantasies, but could it be that BC terminated the Qingdao JV because BC belives that the MANOVA deal offers better opportunities than a JV, where profits must be shared? Or, could there be a more lucrative deal in the works? Does GRNO suddenly have a better bargaining position? I also think that GRNO does not have a better bargaining position with the termination of the Chinese JV because of the loss of the Chinese capital. I don't think the Manova deal had anything to do with the Chinese JV. I think the Chinese JV involved China and the Manova deal involved Turkey and both would be excellent for GRNO. I think it is important to study the news release. USIA thinks this disaster could be turned around in 60 days. That means they would have to start from scratch with a new prospect and come up with new contacts in 2 months instead of 2 years. That means to me that they have somebody already in the works with a credible story. The word "Asia" rather than "China" could also be a plus because we were never too comfortable with the Red Chinese looking under the hood. At least I wasn't. The news release also says the Manova deal is far from dead and that they still have high level connections in the present temporary government. That means that with elections in April, they must do the deal by then. I think it is also imperative that we do some research on this EPACT '92 thing. Of course we know it doesn't pay to get too excited about any possible deal until we see the money, but it would be something to learn. I like the sound of "tax benefits". It is time yet again to waitwaitwaitwaitwaitwaitwaitwaitwaitwaitwaitwaitwaitwait..... You got that right! Charles