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

To: Ferick who wrote (10574)	4/30/1999 7:25:00 PM
From: John B. Ray	Read Replies (1) \| Respond to of 13091

I'm just happy to know that he is alive and well. I would love to hear from the company the reason behind the recent action so we don't have to speculate. Not to question the quality of the speculation. Maybe I'll have to break down and actually try and contact someone in the office. Anyone have a current working phone number? TIA jray

To: Ferick who wrote (10574)	5/3/1999 2:12:00 AM
From: Norman H. Hostetler	Respond to of 13091

Ned, GRNO owns the 52% of the partnership, not Bill personally. GRNO had the manager's 10% originally, and, as you note, has acquired the other 42% (14 ownership units equal to 3% of the total value each) by issuing stock. The provision for the exchange was in the original partnership offering; Bill and his advisors never supposed that stock would ever be in the current price range, and eventually tried to get the provision rescinded or waived to prevent the exchange (in order to prevent dilution). But a contract is a contract, and the people who wanted to exchange insisted on execution. The remaining 16 units are still in other hands. I don't know about other holders, but Brenda and I took the position that the processor would always hold some value, even if the stock did not. One of the principal benefits to GRNO, and therefore to its stockholders, of restarting the processor is that the company acquires 52% of all cash distributions, which would be sufficient to keep the office going indefinitely. Then, of course, there's always the advertising value of a processor producing a track record over an extended length of time. =+=+=Norm