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As I just said, that would be stupid. You don't want to embarrass the SEC.
If a company is trying to clarify issues and negotiate with the SEC the stupidest thing they could possibly do is go public with the issues being dealt with and possibly embarrass the SEC or give merit to those charges.
You are misreading - substitute "disagree" to "took exception to".
I think I'm going to be sick....
http://www.cnn.com/2010/US/11/17/medal.of.freedom/index.html?eref=rss_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_us+%28RSS%3A+U.S.%29&utm_content=Google+Feedfetcher
Just like when I heard that Obama won the Nobel......
I have no skin in this game, I just took exception to the concept that the government is protecting the individual investor from abuse in the markets.
But the question that must be answered is which white collar has the ring-around-the-collar?
The company or some as yet unnamed third party?
First of all, the grandfather clause covered a mutitude of sins. Second, you just have to look at the restrictions on individual daytrading to know who the government is protecting.
Since when does any regulation authored by the government concerning banks or the stock market work for "the people"... It's been at least a century maybe two.
Bernake has a bridge to sell you if you believe this.
" At the end of the day.. This company (GRNO) does not rely on its stock for revenue". - Steve Taylor
I just got off of the phone with him. The outstanding has not changed, it is still 85% controlled by insiders.
When I spoke of the 2009 financials, he was clearly as frustrated as anyone on this board. He did not even try to give a date.
He stated that 2010 quarterlies would be fully audited and we could expect to get those after the first of the year. At that point the company will be fully reporting.
We discussed third party promotions and the harm to the general market being done by hedge funds and wall street crooks. He did not express any concern for the welfare of the company itself because it does NOT depend on its stock for income.
We know that CCP reverse merged into GRNO for a reason and that reason is to sell stock, but they do not and are not selling stock at this time because the operation is making money.
I fully realize there will probably be a time when stock will be sold by the company, but it will be at much higher levels and for expansion of a proven, environmentally sound, and profitable technology.
You come to this board with a lot of knowledge. I don't believe you are digging at all, it is at your fingertips.
I do hope the SEC looks into all of this, but it seems that Monk is not being charged with anything and Mr. Taylor has not either, even though some of the principals in companies he has represented in the past have been.
If he had been complicit one would assume that charges would have been filed and he would no longer be able to work in this field.
HRAL has another IR at this time, also associated with Airam Capital and they have expanded operations greatly since 2007. The stock is still in pennyland but the business seems to be doing well. The company must be satisfied with Airam since they are still working with them.
Naked shorting is difficult to expose short of uplisting. That is one reason I am glad to see that Mr. Taylor has experience in that area. He also has experience with scam artists, I agree. Perhaps he has learned to better avoid them.
But current management has not sold any shares to the public, so they are not the source of the pump and dump here, it's the "third party".
One more thought...
Whoever is doing the naked shorting and manipulation that we have seen here is probably not too pleased that the SEC is investigating EIGH and Monk (who may be innocent, but he will still get investigated).
I hope the investigation DOES expand to GRNO because I believe the company is a victim, not a perpetrator.
This does confirm that our can of worms is bigger than we thought.
I believe the 15% float is also key.
I have to go for now. If someone has the time it would be good if they could phone Mr. Taylor and ask him what's going on.
Rotondi is current IR for HRAL, both he and Taylor are associated with Airam capital and Harbingers.
http://www.airamcapital.com/the_team
As I stated in the post of the newspaper article, if Taylor (and therfore Airam) was involved with the shorting I do not believe he would have been speaking to the media.
I am holding because of strong fundamentals, but this is no turkey shoot...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=24198890
Personal note - have a Dr's appt, will be out for a while.
This explains why the financials MUST be audited and be perfect. HRAL also had a Harbinger report released in Oct. '07. It was not enough.
I believe fundamentals for GRNO are stronger, producing actual CASH product, but the hedgies and shorts beat the snot out HRAL and it is still struggling.
We have private financing via at least one of the officers. Only 15% of the float is tradeable (legally that is). The company has not yet raised any money via the market. I believe the delay in financials may be related to letting this situation play out. There may be an ongoing investigation on behalf of the company and the stockholders as there was for HRAL.
I believe management is fully aware of this problem and that is why Mr. Taylor was hired.
Helloooo... Anyone home?
Just found this news story after reasearching third party promos for another stock- GRNO.
Stephen Taylor is the IR, as he was for this company.
Was anyone ever prosecuted for illegal trading in HRAL?
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-hearatlast_31bus.ART.State.Edition1.2a48aa0.html
An article on third party stock promotion and manipulation that was not authorized by the company, and guess what? Stephen Taylor plays the cowboy with a white hat and there's a group of Texas good ol' boys behind it....
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-hearatlast_31bus.ART.State.Edition1.2a48aa0.html
Monday, December 31, 2007 is the date of the article and the victimized company is also a Canadian company.
Way too similar, I don't think Mr. Taylor would be speaking to the media if he was complicit in the third party actions, it seems to be just part of the penny risk profile.
Was Mr. Taylor hired by GRNO because of his familiarity with this sort of fallout?
An article on third party stock promotion and manipulation that was not authorized by the company, and guess what? There's a group of Texas good ol' boys behind it....
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-hearatlast_31bus.ART.State.Edition1.2a48aa0.html
There is no evidence that GRNO paid for promotions, other than the service used to distribute press releases, or that they paid Ramos & Ramos. Since Ramos & Ramos appears to be a Texas contracting company, perhaps the received stock in payment for a debt on the Oklahoma acquisition and are trying to cash out on it. Who knows?
The Ramos & Ramos PR's appear to have been sold or shorted at the high so perhaps that was their motivation, providing fuel for a walk down.
I believe the principals probably did their best to suck in all of the shares they could before they bought CCP and made this going enterprise.
They my still be trying to collect shares from weak hands, or it could be pre-SHO shorts trying to cover.
It doesn't matter.... This is not a scam, we have principals with experience in the industry, a developing technology, and founding officer(s) who has invested cold, hard, cash.
Tbere is no way this is a scam because that 85% of shares belongs to people who are trying to make this play pay.
From the GRNO website...
This is a solid team. I have marked two references to financing in red. I believe there is private money behind this company. Nothing will be done to harm the future prospects of GRNO.
http://www.greenoasisenvironmental.com/management
MANAGEMENT
Peter Margiotta - Chairman of the Board, CEO & Director
In the last 25 years, Peter Margiotta has focused on various aspects of Sales, Marketing, Business Management, Finance, Safety, Equipment, Research and Development, and has served as Director, President, and Chief Executive Officer of numerous companies.
Mr. Margiotta most recently became Director, President/CEO of Green Oasis Environmental Inc., and has played a major role in the financing and development of this Company, as well as others.
He has assembled a professional and skilled management team that is a forward-thinking group, whose mandate is to seek out acquisitions of cutting-edge technologies in the field of oil recycling, water treatment, water injection, bio-remediation, and other technologies relevant to environmental solutions and recycling, and who have the desire and responsibility to keep our environmental footprint clean, thereby enhancing Shareholder value.
Frank Pellizzari - Secretary, Director
Frank Pellizzari has spent the last 35 years operating a successful large farming operation, and brings with him highly honed organizational skills and a wide breadth of equipment knowledge. He also played a major role in the financing of this Company.
Mr. Pellizzari’s knowledge and experience will be of great value to the further development and expansion of Green Oasis Environmental Inc.
Michel J. St. Pierre - B.ED., LL.B - Legal Consultant In-House
Michel has been with Custom Carbon Processing Inc. (CCP) since its inception as our in-house Legal Consultant. Prior to joining CCP, he practiced law in the City of Edmonton for over 25 years in the area of Corporate-Commercial litigation and Oil and Gas development. This included purchases, sales, and development of oil sites and support systems.
Also, Michel has been primarily involved in developing and reviewing our corporate structures, lease applications, and consultant contracts. He has been instrumental in organizing our rapidly expanding endeavors.
Michel has assisted in the structure of Green Oasis Environmental Inc. (GRNO), carrying on business as Global Enviro Solutions Inc., and the organization of the Public Company with the purchase and takeover of the oil reclamation systems (CCP). He is continuously reviewing our contracts and development requirements in the applicable jurisdictions.
All legal requirements are reviewed by Michel prior to GRNO entering into purchases, assignments, and local registrations. We are pleased to have Michel with us, as we are able to immediately respond to our ever-increasing opportunities.
Ryan Margiotta - General Manager of Operations
Ryan Margiotta has worked in various fields related to our industry, where he gained knowledge, experience, and progressive responsibility. Ryan brings a diverse and valuable skill set to our team.
Beginning with the construction field, Ryan has worked on a variety of projects for many petroleum industry leaders. In addition to construction, Ryan spent time servicing sites, operating heavy duty equipment, and machinery. Ryan's safe work ethic was noted on a continual basis by each project team. He holds multiple certifications within the construction industry. As a research technician in a chemical laboratory dealing specifically with innovative pipe coating technologies, Ryan brings forth comprehensive experience within the industry. His dedication to service excellence won him accolades throughout his career.
More recently, Ryan played an instrumental part in the development of CCP's oil reclamation site in Wyoming and continues to oversee all current site operations, along with the ongoing development of new projects and endeavors.
Matt Campbell - V.P. Research & Development
Matt Campbell has been with Custom Carbon Processing Inc. since its inception and has eight years' experience in the field of Waste Management and hazardous materials recycling as well as 18 years' experience in direct dealings with the public and upper management. As a field supervisor for one of the largest hazardous waste management companies in Canada, Matt was directly responsible for overseeing northwestern Alberta and southern Saskatchewan territories. Duties included setting up waste management systems for virtually every major oil and gas company in Western Canada, arranging large-scale contaminated soil cleanups, bio remediation projects, large-scale waste cleanups, hosting safety meetings and training seminars, and doing presentations to top oilfield executives.
With an "outside-the-box" mentality, a focus on bettering the environment, and the ability to negotiate and finalize contracts, Matt brings the needed skills, drive, and diversity to help ensure success. "My goal is to seek out and find the technologies that we can incorporate with our own to become the best and most-diversified company in the field of oil recycling, water treatment, water injection, bio-remediation, and other technologies pertaining to environmental solutions and recycling."
Mark Hurst - Research & Development Consultant
Mark Hurst has spent the last four years as director of operations for an environmental consulting business dealing with storm water management, waste water, and erosion control using site-specific products and innovative solutions. Developing a plan with Engineers and Consultants, Municipalities and Contractors requires effective communication skills and a respect for all the parties' interests without cutting corners with respect to the environment.
Mark originally was schooled as a Power Engineer and more recently in Operations Management. In between, his various employments included construction, marketing, sales, finance, mechanics, specialized installation of process equipment, training and instruction, research and development, and various management positions.
Mark is pleased to bring his knowledge and experience to expand our newly-owned subsidiary's (Custom Carbon Processing Inc.) professional capabilities and services.
Debbie Morrison - Manager, Office Operations
Debbie Morrison brings 30 years of experience and expertise from a wide variety of fields to Green Oasis Environmental Inc. The first 15 years of her career were spent with the Province of Alberta Treasury Department, the latter part of which she acted as Executive Assistant and Senior Officer to the Deputy Provincial Treasurer. Among her many and varied responsibilities, she assisted the Deputy in his capacity as member of the Budget and Priorities Cabinet Committee.
Leaving the Provincial Government to pursue other endeavors, Debbie built, managed, and operated her own successful business for another 15 years as a Management Consultant. We value the wealth of knowledge and experience Debbie brings to the table, particularly in the area of office management, organization and administration, all making her a great completion to our team.
From the Ibox -
Current Share Structure as of 8/25/2010 (per Transfer Agent)
Authorized: 500,000,000
Outstanding Shares: 88,752,342
Restricted Shares: 63,266,000
Float: 25.5 million of which 5.7 million is tradable, the balance being closely held by mgt.
That's about 15% of the stock that is tradable.
This stock is 80% insider owned. It is reasonable to expect that they would do what is best for the company.
They bought the shell for a reason. It is reasonable to expect that reason is funding expansion.
It certainly isn't selling stock at this level.
What we do know is that the technology works and is making money for the company.
We also know that no new shares have been issued, and the old ones are pretty much locked up.
What's going on with AVLS?
Who knows? Exactly. Not you, not I, not any other outside investors.
It could be being funded by selling shares to whomever will buy them. Could be a death spiral deal. Could be insiders hold preferred shares that give them complete control of the company and first claim on all assets.
We do know the float has increased.
Surely they wouldn't keep a house sold or generated income secret, so I think it's save to assume that neither has happened.
Just verifies signatures and states that info is not audited. Proves nothing, especially with $1500 in the bank.
Old GRNO gone - new management, new company, new technology.
You left out millionaire bankrolling it, principles mortgaging personal assets -- who knows?
But they are not making money off the market. That is not what is going on here.
Year to date chart includes both price spikes. Green line is 90 day average and it is still at around .38. The highest volume days are all green and neither the money flow or the MACD is negative in spite of the downward price movement. Accumulation and distribution remains high.
October and November have been a time of stagnation waiting for the financials to come out and they have been dominated by computerized sideways trading.
Yeah, but that 200day ma is still looking strong. Move down is not on volume, even averaging in that two million plus day we had recently.
Present management took over a shell and stuffed some very real technology into it. They are relying on sources other than the market for funding at this time and the majority of the stock is closely held by insiders.
I believe they will want to raise money in the future for expansion, but first they will get the current facilities running at a profitable rate, become fully reporting, perhaps uplist, and then sell stock at a much higher rate than what we are seeing now.
They have an established relationship with Shell to buy all the refined product they produce.
This company is for real, just check out the PR's.
Post 3752 from Rainman:
Post 3750 - this board.
How can they be current with non audited financials, as it state in the attorney letter just posted?
AVLS - LAST ATTORNEY QUIT - I wonder why?
AVLS - no business plan, no assets, no product, no accomplishments. Real estate holdings and oil property acquired via insider stock swaps and they haven't ever sold anything. There is no evidence that they are even working on remodeling those properties or have any employees or contractors hired. Financials show that they have $1500 to work with.
As for the 911 and 6000 they look like a round robin trade from the previous day's after hours paint job.
Time and sales for several days:
11/04/10 08:18:54 0.01 0.0005 2.50 0
11/04/10 08:54:35 0.01 0.007 0.01 0
11/04/10 09:31:36 0.01 0.007 0.009 0
11/04/10 15:15:23 0.01 0.007 0.0087 0
11/04/10 15:22:13 0.01 0.007 0.0089 0
11/04/10 16:19:30 0.01 0.005 0.0155 0
11/04/10 16:20:13 0.01 0.005 0.0155 0
11/05/10 07:57:34 0.01 0.007 0.0089 0
11/05/10 12:35:05 0.01 0.006 0.0089 0
11/05/10 12:35:06 0.007 0.006 0.007 5000
11/05/10 12:35:06 0.007 0.006 0.007 12000
11/05/10 12:35:06 0.007 0.006 0.007 13000
11/05/10 12:35:06 0.007 0.006 0.007 37000
11/05/10 12:35:20 0.007 0.007 0.007 2500
11/05/10 12:35:40 0.007 0.007 0.007 3750
11/05/10 12:35:55 0.007 0.007 0.007 5000
11/05/10 13:30:05 0.007 0.007 0.007 6750
11/05/10 13:30:20 0.007 0.007 0.007 8500
11/05/10 13:30:40 0.007 0.007 0.007 10250
11/05/10 13:30:55 0.007 0.007 0.007 12000
11/05/10 13:33:05 0.007 0.007 0.007 18250
11/05/10 13:33:20 0.007 0.007 0.007 24500
11/05/10 13:33:40 0.007 0.007 0.007 30750
11/05/10 13:33:55 0.007 0.007 0.007 37000
11/05/10 14:30:05 0.007 0.007 0.007 37885
11/05/10 14:30:20 0.007 0.007 0.007 38770
11/05/10 14:30:40 0.007 0.006 0.007 80540
11/05/10 14:30:55 0.007 0.007 0.007 40540
11/05/10 14:36:05 0.007 0.007 0.007 50540
11/05/10 14:36:20 0.007 0.007 0.007 60540
11/05/10 14:36:40 0.007 0.007 0.007 70540
11/05/10 14:36:55 0.007 0.007 0.007 80540
11/05/10 14:36:55 0.007 0.007 0.007 80540
11/05/10 21:00:00 0.007 0.006 0.007 80540
11/07/10 14:30:40 0.007 0.006 0.007 80540
11/07/10 14:30:40 0.007 0.006 0.007 0
11/08/10 09:05:36 0.007 0.006 0.007 0
11/08/10 09:05:36 0.006 0.006 0.007 10000
11/08/10 15:27:05 0.006 0.006 0.006 2500
11/08/10 15:27:20 0.006 0.006 0.006 5000
11/08/10 15:27:40 0.006 0.006 0.006 7500
11/08/10 15:27:55 0.006 0.006 0.006 10000
11/09/10 10:40:12 0.006 0.006 0.012 10000
11/09/10 17:03:15 0.006 0.006 0.0125 10000
11/10/10 09:02:00 0.006 0.006 0.0125 10000
11/10/10 13:52:02 0.006 0.007 0.012 10000
11/10/10 17:03:17 0.006 0.007 0.0125 10000
11/10/10 17:03:17 0.012 0.007 0.0125 911
11/10/10 17:03:17 0.012 0.007 0.0125 6000
11/10/10 17:19:53 0.012 0.0001 2.00 6000
11/10/10 17:20:10 0.012 0.0001 2.00 6000
11/11/10 11:50:05 0.012 0.012 0.012 228
11/11/10 11:50:20 0.012 0.012 0.012 456
11/11/10 11:50:40 0.012 0.012 0.012 683
11/11/10 11:50:55 0.012 0.012 0.012 911
11/11/10 14:17:05 0.012 0.012 0.012 2183
11/11/10 14:17:20 0.012 0.012 0.012 3456
11/11/10 14:17:40 0.012 0.012 0.012 4728
11/11/10 14:17:55 0.012 0.012 0.012 6000
OK, now we're getting somewhere :) You're talking about the ibox. I keep mine turned off.
The daily bollinger is narrowing, but not to the point where you would expect a squeeze based on that indicator alone.