Market Cap should include all shares outstanding not just the float.

Thanks for those who stepped up today. GRNO was the only green in my account. Tough day and tough week. Keep up the solidarity.

Believe Scottrade requires call in of all pink sheets stocks.

I thought the management bought majority interest in the old GRNO and then "acquired" CCP. To my knowledge GRNO never went through bankruptcy, so there could be some liabilities. I would hope the due diligence associated with taking out the GRNO shell addressed this potential issue.

Maybe they have to capture all of the past history to capture any loss carry forward for tax benefits. I am not a tax expert, so don't know how long tax carry forwards work. Old GRNO never had any meaningful revenue, but did have expenses.

Where is everybody today?

Following is a summary form Bloomberg of the trades since the Monk "lock up" call on 2/26;

Tades at :

Bid: 7,549,673 (probably sells)
Ask: 12,114,686 (probably buys)
Between B&A: 2,388,138 (may be either)

With the residual shares held by ling term holders, I believe that the float is mostly locked - assuming none of the current holders panics out.

4/1/2010 trades were:

Ask 332,121
Bid 73,547
Between B&A 31,819

So at least 3 to 1 buyers over sellers (MM shorts)


RE: the forthcoming "analyst report".

The $8.5 million revenue projection is only about $.10 per share based on total shares outstanding (not float). I assume that number is based upon current inventories and not annual revenue.

$8.5 million is revenue will likely not allow for much (if any) profit in the short run. The key however is for the company to be reporting actual revenue and have a executable strategy for increasing the revenue.

The old GRNO never generated any revenue and never got its processor to do what is was alleged to do. Back then oil was about $20 a barrel, so the potential is much grater now - though the processes are totally different.

I've held for more than 12 years. Willing to hold for a coupleof more to see this pan out.

It is my understanding that if the shares are held in a "cash account" and not a margin account, the B/D agreement you sign does not give them permission to borrow and lend your shares to shorts.

I for one thought shares had to be marginable (over $5 per share) to short other than the MM who can short to keep an orderly market.

One might test my theory by putting in a short away from the market (i.e. well above where GRNO is trading), to see if the shares are available or if shorting is allowed.

How many shares, MM seems to be awaiting a sell, so he can flip it. Maybe doesn't want to short it.

Shall we say there appears to be few willing sellers and a very limited supply.

Anyone with L2?

Per Bloomberg yesterdays trades were 808,820 at the ask, 180,827 at the bid and 87,498 in between. I guess MM shorts would be happening at the Ask.

Per Bloomberg yesterdays trades were 808,820 at the ask, 180,827 at the bid and 87,498 in between. I guess MM shorts would be happening at the Ask.

Good volume for first 90 minutes.

Your account number appears to be showing.

According to Bloomberg, Frday and Monday trades broken down as follows:

698 trades, 7,170,803 shares, 2,191,505 at bid, 867,208 between B/A, 4,112,090 at ask.

I have the 2 day VAP chart which is a GIF file, but can't figure out how to post.

Profit taking. Few buyers today. MM pulling it down to cover their shorts.

Profit akin. No buyers today. MM pulling it down to cover its shorts.

What happened to the buyers? MM will try to pull it back to cover its short position.

How is it "independent" if you pay for it?

Did you get a sense of how GRNo pays for these acquisitions. If it is with stock, then every acquisition incurs tremendous dilution in the short term. Does GRNO have any tangible net worth or working capital?

Thanks for your efforts. It seems that there is a lot of potential. Just have a little bit of trouble seeing how it works.

However, I'm tainted by the GRNO management of old. I'm in the "show me" mode.

Float may be 6 million, but shares outstanding is north of 60 million, I've heard.

You might want to confirm with IR.

Essentially. I had seen posts referring to a much smaller "float".

If most of the new shares are restricted, maybe "float" is relatively limited. However. 80 million means it would have to earn a couple of million dollars to justify a $.30 price at a P/E of 12.

Guess we'll wait and see.

I am new to this site. Thre is a lot of babel here about DD. Suggest you go back and read the GRNO postings on Silicon Investor from the late 90's. Sounds almost the same.

I'm impressed that GRNO rose from the dead @ .001. However, there are many unanswered questions for which I haven't seen answered.

1) How did GRNO pay for CCP?

2) What are the assets and liabilities?

3) How will GRNO pay for the new "salt water" sites.

4) What is the real number of outstanding shares?

5) How was the majority interest acquired?

Would love to hear your answers. I still have my original shares. Never wrote them off because I had enough loss carry forwards for a lifetime.