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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 (10565)	4/29/1999 7:50:00 AM
From: Charles A. King	Respond to of 13091

One major development has been the recent change in the oil price picture. Until March, the Charleston plant would not have paid to operate unless it was upgraded to a Model 1000 with all the bells and whistles. That would have required a major investment and Bill couldn't raise the money. But now the price of heating oil on the NYMEX is 44 cents, not 27 cents. Can you imagine what diesel will go for as storage levels are reduced? The plant could be making money right now if $100,000 had been invested in it and GRNO could continue to hold out. It could pay off the outside creditors and time would be on GRNO's side for a change. I believe there are deals waiting for Bill to throw in the towel and for the "hard ball" scenario to develop. Time is now on their side, not ours. Bill has always been too trusting and dependent on his consultants he hired and who did not serve him well, such as G&S. Back in 1994, the consultant who did air pollution calculations for DHEC made a critical mistake and DHEC used that as an excuse to delay approving the permit for over a year, even refusing to present their arguments to the EPA in writing. At least that is what I was told by Ginger Boatwright, the consultant who was trying to get DHEC to grant the permit in 1997. That delay cost GRNO all its capital. The untimely freeze on capital leaving China also prevented the Chinese gentleman from investing $1 million in GRNO in time. If that hadn't happened, I believe GRNO would be in fine shape now as venture capitalists would also be investing in GRNO preferred stock. It is easy to blame everything that happened on Bill because that is where the buck stops. But there have been a series of critically timed disasters that have sunk GRNO as well. If someone with $100,000 can recognize the value of the technology and realize that the operating plant can quickly pay back the loan, the present lack of collateral would not present a problem. Charles

To: Norman H. Hostetler who wrote (10565)	4/29/1999 9:08:00 AM
From: Steve Hangartner	Respond to of 13091

Norm (and Charles) - interesting input. I wondered for a long time whether any of the long-timers on this board had pursued the VC route as an option, and obviously you have. Actually Norm, if you have a well organized package that you used to brief your VC friends, I would love to get a copy. I've been wanting to present this situation to an investor I have ties to and I just haven't taken the time to piece together something I felt was cogent enough for their eyes. Actually, if you kept notes on your VC's comments, objections, etc. that would be helpful also. Is that possible? Steve

To: Norman H. Hostetler who wrote (10565)	4/29/1999 1:21:00 PM
From: R KIEFHABER	Read Replies (1) \| Respond to of 13091

<<My 2 cents:>> I think that we will all agree that the recent run up in oil prices has changed the risk reward ratio of the Charleston processor significantly. One year ago with a bottomless oil market it seemed that the processor would not be profitable at any production rate. Now with less than $100,000 infusion to get the wheels turning we could be profitable in weeks. If oil prices continue in this direction I am hoping we should see a renewed interest in the processor. It is my belief that the big money will come from overseas if it does at all. The profit margin in Asia and Turkey is fantastic. No one can deny that Manova is a credible customer. At the AM two years ago Bill stated that they had started with the necessary piping and storage tanks at their site. They wouldn't be wasting their time on permits and laws if they weren't serious. Nor was the Chinese deal of last year a hoax. What we need is time, I commend Bill for his effort and wish him luck in putting a deal together soon. I too believe that GRNO is worthless without Bill. The creditors must realize this and so far are working with him. I am sure that if all works out they will be well rewarded for their patience. May 9th, if memory serves will be the 2 year anniversary of our disaster. Maybe we will get some positive news by then. Best of luck to all, Bob K