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I recall a post from awhile back, probably the last three or four months) where the poster stated he contacted Sharon D. Mitchell (most likely but could have been someone other than) regarding SEC filings of past reports required for pink sheet to higher level listing as a reporting company. Does anyone remember that post and/or who posted it?
Poster said to the effect that, Sharon D. Mitchell was in the process of filing those reports as completed and filings would be started within a week. I have not seen one new filing and am beginning to think someone's pants are on fire.
I have one candidate but am not sure if it's the right one. The most likely suspect I pick is:
Bulldog Inc
28 N Pineview Drive
Gillette, WY 82716-8604
Phone: (307) 682-0962
Bulldog Inc in Gillette, WY is a private company categorized under Merchandise Brokers. Our records show it was established in 1999 and incorporated in Wyoming. Current estimates show this company has an annual revenue of $1,000,000 and employs a staff of approximately 12.
Charles E Bredthauer
Chief Executive Officer
Bulldog Inc
Products:
Business Services Business and corporate management consultation services, New business start up consultation services, Corporate mergers consultation services, Corporate divestiture consultation services, Strategic planning consultation services, Corporate objectives or policy development
and that's all I've got.
My last post today and on the upside. CCP has sites at Sidney (888-483-4701)
and Wibaux, approx. 60 miles to the south and both are within five miles from the N.D. border so that could be "just over the hill" from Bakken. Pardon my enthusiasm.
I found the article to which I was referring, sort of. I doesn't have the "over the hill" reference so I'll need to keep looking until I find it. I need a larger map.
http://ih.advfn.com/p.php?pid=nmona&article=49003139&symbol=GRNO
In addition to its Wyoming facility, CCP has enjoyed recent expansion by opening a second facility in Montana, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.
...and wha-da-ya-know, it's from our friend at MarketWire through iHub.
My apologies. Gillette is not close to the Bakken field in N.D.. It is approx. 80 miles west of the S.D. border, according to my map. Downer.
Another downer is learning today that the link on the GRNO web site:
February 17, 2010
Green Oasis Environmental Inc. Records $3 Million of Pre-Sold Oil From Shell Trading (US) Company
leads to http://ca.finance.yahoo.com/news and the first story up is about the progress of the Keystone pipeline, "U.S. seeks new Keystone pipeline route".
This should put a serious dent in GRNO's business plan and need for the service anywhere along the pipeline route unless the cleaned waste oil can be contributed along the way.
As I understand it, CCP's Gillette facility is "just over the hill" from the Bakken oil shale formation area across the N.D. border. This area, according to the national news reports, is the largest oil boom of light, sweet on the north american continent. It is an economic boom and energy harvesting bonanza.
This tells me that if it is true and petroleum is being sucked out of the earth in great abundance as has been implied, there should be vast areas of spill ripe for the cleanup industry. That means GRNO should be hiring and functioning in their business model focus, unless each and every company that's harvesting oil in that area has their own cleanup crews. When GRNO bought out the Oklahoma Crude South concern, I was under the impression they would be moving all of the equipment to the Gillette site in anticipation of this Bakken boom. In May, GRNO came out with a P.R. implying they were "acquiring" or had "acquired" new specialized equipment to allow their cleaning equipment to be mobilized.
In their Aug. audio interview conversation, the execs. said the equipment ordered from European sources was packaged and ready to be shipped. It's been three months since then and six months since the first related P.R. yet, nothing has been said regarding the current status of that equipment or that of the productivity of the CCP Gillette facility and it should be 24/7, if it's in active operation. Looking through this list, I am not finding one CCP related job.
http://www.bakkenoil.org/category/bakken-oil-jobs
I think the tax return reporting requirement would depend on the amount of income. For individuals, there is a minimum income reporting requirement, something like maybe $600. If it applies to corps and if the corp can fudge under that amount, it could be likely that they don't meet the test. I don't know the rule but I can see it happening with IRS just shaking their heads in amazement. No?
Income tax returns are not public record in the U.S. I know of no state that allows for that kind of requirement; not for individuals, companies, not for profit 501 c 3 (or especially 4) or even public corps. although, some countries do allow for income tax as public record. There has been some attempt to establish such a rule by members of U.S. legislature but nothing has come of it. It has been attempted due to many corps. suspected of inflating income numbers in financials and deflating in tax returns. Of course, we all familiar with the old GRNO know that would never happen. Even with audited financial reports there have been examples of fraud with auditors in the collusive mix (i.e.: Enron).
One other thing, since these people reside in a foreign country (many of us still believe Canada is a foreign country), this could put another snag in the reporting requirements even though GRNO is U.S. registered. I have no idea how that would work.
You are right re: 1/22/07. That is the "initial filing" date with others to follow.
If you will reopen that link and click on "Filing No: 2007-000529931", scroll down to
"additional details", you will see "Latest AR/Year: 01271745 / 2011" which indicates that the latest filing was for this year. Also take a look at the info. in "History" and "Parties" and see that Peter Margiatta (SP) is listed as honcho. There is also a link to a PDF d/l of all this info.
This may relieve some of the pressure.:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2007-000529931
Gives the impression that the doors are at least allowed open. I would like to know,
if it is a going concern, how may employees are there at the facility that are on the job every day.
As a wise but questionably nefarious Korean investor once told me, in regard to this company- save it and put it away for your grandchildren.
Oh, yes- the hot pursuit of justice. That's always worked well for me. That reminds me of a stock swindle of 1997. It was several of the executive types involved with GRNO, where fines were paid to the gov't. and no wrongdoing was admitted. Of course, they were all U.S. citizens with commission of crime taking place in the U.S., as I recall.
I don't understand how it can be dismissed as ok or acceptable with the only recourse being to sell the virtually worthless portion of the corp. you hold. It's been three months since the last audio interview (8/3/11), when it was stated that the mobile processing equipment ordered was packaged and ready to ship from its European port. It seems to me that, had it been shipped, it would certainly have arrived by now. In that case, some sort of P.R. would have been issued, announcing its arrival. I don't believe that announcement has ever occurred.
Another question I would have is, who is Bulldog, Inc.?
Bulldog, Inc. is mentioned in an 8-K filing dated Nov. 30, 2010.
http://freerealtime.brand.edgar-online.com/DisplayFilingInfo.aspx?Type=HTML&text=%2526lt%253bNEAR%252f4%2526gt%253b(%22ALDO%22%2c%22ROTONDI%22)&FilingID=7586353&ppu=%2fPeopleFilingResults.aspx%3fPersonID%3d3518130%26PersonName%3dALDO%2520ROTONDI
On July 9, 2009, Aldo Rotondi resigned as Director of the Company.
On November 10, 2009, the Board of Directors resolved to acquire all the Shares of Custom Carbon Processing, Inc.
On December 1, 2009, the Board of Directors resolved to accept and execute the final agreement between Green Oasis Environmental, Inc. and Custom Carbon Processing, Inc. and to issue 1,000,000 of the Company’s “Series A” Preferred Shares to the shareholders of Custom Carbon Processing, Inc.
On December 1, 2009, the Board of Directors at a Special Meeting approved the purchase of stock from the shareholders of Custom Carbon Processing, Inc., and more specifically, from Peter Margiotta and Frank Pellizzari.
On January 11, 2010, the Board of Directors resolved to issue 2,000,000 Common Stock of Green Oasis Environmental, Inc. shares from treasury to Bulldog Inc.
This looks more like a dance every time I read it.
It's a miserably sad day when the question behind the consideration of investment in what is seemingly a going concern public corporation is not about its productivity projection but in its legitimacy. At this point, it is my concern that if there is no activity and no revenue, the next step is bankruptcy. It seems that it would be so easy for this corp. to be bled out, viable assets sold off with proceeds expensed as administrative costs and the remainder left to the shareholders as worthless. These corporate execs are, after all, in a foreign country with all activity in this country. It would be virtually impossible to hold them accountable in these circumstances, even if this was their business plan all along. I would not be at all surprised to some day soon, find them all taking up residence in a Mediterranean oriented land of wine and song.
Today, GRNO outpaced the broad based market in all major indices. The DOW lost over 276 points, S&P 500, down over 32 and Nasdaq lost almost 53 points. GRNO lost not one cent. I'd say it was a pretty good day for GRNO. Cautiously optimistic, I am.
You're not? Really?
Yes, really. Thanks again for the links ... Both of them.
Pretty sure I've provided this link a couple times before:
http://sec.gov/cgi-bin/browse-edgar?company=green+oasis&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Pretty sure? Really? So to make sure, you pop them both again in one post. Those links, by the way, only list through Feb., 2011. Knowing how slow GRNO is and has been to file,
a filing for 2010 could have been made after that. I meant unaudited or audited. So, with what you provided, how could you be sure there had been no filing?
Regardless, GRNO stated financial statements 10q & 10K for 2010 would be filed. It didn't say when. They also said, unaudited for 2009 would be filed. It was filed but it's pretty much useless other than fluff.
GRNO.PK > SEC Filings for GRNO.PK > Form 8-K on 1-Dec-2010
Item 9.01: Financial Statements.
Unaudited Financial Statements for the year 2009 are shown here in this Form 8-K and are attached as an exhibit with this Form 8-K, and are deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and are as follows:
Green Oasis Environmental Inc.
CONSOLIDATED BALANCE SHEETS
Unaudited
December 31, 2009
ASSETS
Current Assets:
Cash $ 29,378
Accounts Receivable 26,800
Total Current Assets 56,178
Other Assets:
Building, Plant Equipment, Furnishings 687,778
Less Depreciation (54,242 )
Investment in CCP 3,393,515
Total Other Assets 4,027,051
TOTAL ASSETS $ 4,083,229
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable $ 372,629
Total Current Liabilities 372,629
Stockholders' Equity (Deficit):
Preferred Stock Series A par value $5; 10,000,000 5,007,500
shares authorized; 1,000,000 issued and
outstanding on December 31, 2009
Common stock par value $0.001; 2,000,000,000 shares 64,651
authorized; 85,486,342 issued and outstanding on
December 31, 2009
Deficit accumulated during the development stage (72,151 )
Retained Earnings (1,289,400 )
Total Stockholders' Equity (Deficit) 3,710,600
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 4,083,229
The accompanying notes are an integral part of these financial statements.
(not included in this post)
The death spiral financing scenario is probably the best case scenario I can present in light of the comments you've made in response. Objectively, I can't think of anything the company has supplied that could be substantial in any of their presentations and statements other than implying future positive direction. Yet, there is nothing objective or quantitative other than an unaudited statement of operations from Dec., '09 which is countered by:
Item 4.02: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On June 22, 2010, Forms 10-K and Forms 10-Q were filed for years 1997 through 1999, for Global Enviro Solutions, Inc. stating current financials, but little else. Green Oasis Environmental was recently informed that those forms were filed without material information. Unaudited Financial Statements for the year 2009 will be filed with this Form 8-K and Financial Statements for the fiscal year 2010 will be filed as Form 10-Q's and 10-K.
This was followed ten days later by:
GRNO Reports 2010 Revenue on Target to Reflect 100% Increase Year Over Year, 50% Decrease in Expenses, With $4 Million in Assets Owned Free and Clear
4:16 PM ET 12/10/10 | Marketwire
Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary Custom Carbon Processing Inc. (CCP) has experienced a strong year. With slightly more than 2 weeks remaining in 2010, revenues are on target to increase by 100 percent year over year with expenses decreasing by 50 percent. During the fourth quarter of 2010 slop oil processing has continued to accelerate with current and new clients. This acceleration is paving the way for a record year in revenue and net income for 2011. Currently, GRNO has 4 million dollars in assets owned free and clear.
I'm not sure financial statements for fiscal 2010 were ever filed, as you know
(Re: #31394) however, there was a statement released announcing revenue guidance for
2010: Green Oasis Environmental, Inc. Announces Revenue Guidance for the Year 2010
12/10/2010
Green Oasis Environmental, Inc. announced revenue guidance for the year 2010. The company reported that with slightly more than 2 weeks remaining in 2010, revenues are on target to increase by 100% year over year.
Still, there have been no substantiated numbers.
There are some private investors in this corp., the names of which escape me. I have a doc. with the names somewhere but have misplaced it (like finding a needle in a haystack).
Something like Ramos & Ramos and one other. Anyway, their presence and connection makes it worthy to consider the death spiral strategy you mentioned. It just seems to be a good profile fit. This is not to say that the execs. of GRNO have any control over such a situation. I really it to be unlikely.
Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.
Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises.
An important characteristic of this kind of convertible debt is that it often carries conditions like a quarterly or semi-annual reset of the conversion price to keep the conversion price more or less close to the actual stock price. But a lower conversion price also increases the number of shares that a bond holder gets in exchange for one bond, increasing the dilution of existing shareholders. A lower price reset can also force investors that have set up a long CB/short stock position to sell more stock ("adjust the delta"), creating a vicious circle, hence the nickname death spiral.
Mark Valentine, Chairman of Thompson Kernaghan, a Toronto brokerage firm, has been named in several lawsuits from companies that participated in death spiral financings.
Just sayin'
It was a guess on my part, that it was short covering. Whatever it was, it was not short covering but there were 60,336 shares shorted, according to regsho, out of the 411,836 shares traded. Why there are still shares being sold short, is confounding. In this entire month of Oct., there have only been five days with short volume for a total share count of
111,336. The highest short volume of the month was today. Only four more trading days left in the month.
It's a short squeeze.
I didn't bring up Marta Stewart, you did. And this is 100% incorrect:
"Martha, as a former director of the N.Y.S.E., resigned her official posts as C.E.O. and Chairman of the Board of Directors of MSLO (MSO) for the good of the corp. at the request and suggestion of other directors..."
I didn't bring up Martha Stewart. I responded in reference to someone else's post, that of
Bigoledog, Post #33255. I know it's correct but I'm skeptical about the 100% part.
Although this board is not about Martha Stewart, it does serve as an example for the GRNO with B.C. controversy. Martha, as a former director of the N.Y.S.E., resigned her official posts as C.E.O. and Chairman of the Board of Directors of MSLO (MSO) for the good of the corp. at the request and suggestion of other directors, not because she was convicted but because of the charges and the scandal her actions created. As for her civil rights being relinquished, they are civil rights; right to vote, to sit on a jury, to hold public office (I'm not sure whether that includes office in a public corp or not), right to possess firearms, etc. Those are restored through state application and vary, state by state.
There is no indication at either the GRNO website investor relations or that of CCP that B.C. is of any official capacity, either a director or officer of the company. If he is and it is not disclosed, it could and should be cause for S.E.C. concern. If he is connected to GRNO or subsidiaries, it can only be as a shareholder. What the extent of the class of shares that might be is not public knowledge or information unless it can be requested from the S.E.C. or possibly the atty., Sharon D. Mitchell.
I don't know how she does it but Martha Stewart was just last month, elected as a new member of the board of directors of her MSLO public corp. According to my reads, it is determined by individual states on the restoration of civil rights of convicted felons. If B.C. petitioned in FL for restoration, he could conceivably hold position of office in a public corp., even GRNO although, I doubt it would ever happen. Don't hold your breath. Just when I thought things couldn't possibly get worse, .....
It is what it is, is right. I don't know what it is, yet. I guess I just haven't lost enough money, yet because I'm still buying. I figure if I keep doing that and can average down my losses, it just won't seem like quite so much. Soon, I won't be crying; I'll be laughing.
Right now, as I sit here contemplating a trip to Gillette to watch the fun, my biggest conundrum is, shall I fly first class or coach?
Yep, and after having that conversation so positive with Aldo and Peter.
Between February and today, the audits have moved at a
slower than expected pace due to a former insider not providing an
important but simple piece of paperwork. GRNO's attorney has tried to be
patient and professional with him. At this time, GRNO's attorney has
decided to go to plan B and locate a copy of the paperwork on her own
through alternate sources. She is also communicating with the SEC to
determine the need for it in accomplishing the audit.
Currently, the audit firm has most of the information they need to
accomplish all of 2010 and part of 2011. Their current practice is to
gather all information. Once this is accomplished, all financials
statement are completed very quickly.
I'm curious as to what that important document might be and of course, who is holding up the filing parade. Maybe I have that document in my files, somewhere. If I knew what it was and I do happen to have it, I'd be more than happy to forward it to Ms. Mitchell. Don't you just wonder who that anonymous insider is?
Or he might mean, potential value =(X) 2¹°
I think he means the value of the stock will increase x 10. That would be from .02-.03 all the way up to .20 or .30. With that, I'm becoming very excited and enthusiastic, even without any objective judgement necessary report filings. Let's here it for Global Enviro Soulutions!
You scrape away the ambiguity and nothing changes from a speculative best guess. Mine is that management sells the profitable CCP to the management team and the shell files for bankruptcy leaving the shareholders holding the empty bag. How does that sound, so far?
Then, management refiles the shell and changes the name to Global Enviro Solutions, Inc.
and they all live happily ever after.
What's a float lock down?
You are right and I have no reason to disagree with you. I am stunned by the 2 bb share number. I have no idea when the authorized share number raised to 2 bb. In fact, I have always been under the impression that the authorized number, once it was established, was to remain that number and no change was allowed without a vote by shareholders. I thought that was an established SEC rule. If that is true, it looks as though someone in the process forgot to include the remaining 300 or so shareholders.
That certainly well answers my questions about the share increase to 500,000,000 common and also addresses the designated preferred at 10,000,000 shares.
As to the audio link to the 8/3/11 interview, Peter addressed the issue of late financial reports. He did say that "... we've done everything we can to get these financials moving forward as quickly as possible..." but did not give a definitive time those reports would be
filed. He did mention issues with the company that were in place prior to the new controllers purchase of the company they are dealing with and "really close to getting all that handled."
Mark Hurst talked about the challenges in production at the Montana, N.D. and Wyoming properties due to the flooding of the Missouri River (which is still causing problems. Interstate 29 is still somewhat closed off with westbound traffic on I-80 being rerouted south on I-35 rather than on I-29 at Omaha). He also mentioned the restrictions of new gov't. regulations but did not elaborate other than referring its involvement in a "closed loop system" that had to do with the way business was done between drilling companies and waste management stream.
Matt Campbell reiterated the years slower start and related problems but on a positive note, he talked about new contracts that were providing for record production through the summer months and that the company is on track with 50% of the 2011 anticipated production completed.
It was also mentioned that key pieces of equipment ordered for the mobile operations have been packaged and are ready to ship (from Europe).
New drilling in the north will increase supply of waste oil through fracking and injection.
They anticipate hitting the targets they have set for the year.
I know this has all been discussed here as well as other boards but it always seems to help provide more information when repeated.
That link you included turned into:
http://www.stockrants.com/2011/08/08/a-new-audio-interview-with-peter-margiotta-president-and-ceo-of-green-oasis-environmental-inc-matt-campbell-project-manager-for-ccp-wyoming-and-mark-hurst-project-manager-for-montana-is-now-at.html
and it won't open for me. I'll work on it, later. Thanks. I had not heard that one.
During the interim of lull and non-activity, thoughts turn to scrutiny of documents available. Topic of the day: How did the total authorized shares grow from 20,000,000 Q1, 1997 to a whopping 500,000,000 Q1, 2011?
The 20,000,000 number is taken from GRNO 10-QSB (unaudited [of course]) and the 500,000,000 is the number on the iHub page (per OTCMarkets.com). Then, there is the GRNO website number for outstanding shares at 85M with a float of 5.6M which conflicts with the iHub supplied numbers of Outstanding Shares: 91,172,342 and Float Shares: 20,000,000. As has been reported by the current execs., the website numbers would also be "unaudited" so it's likely they're all anaudited. I wonder if even the SEC knows. Since they would need some kind of audited data to make that determination, they don't.
There was (1997) some redeemable, convertible preferred stock worth $42,000 (no share number indicated) and Series A preferred shares (no share number indicated) valued at $6,000. This may have been converted (if applicable) to account for differences in shares authorized, outstanding and issued. Of course, there's no way of accurately making that kind of determination without the filing of all those past due reports. That's where Sharon D. Mitchell becomes essential. One additional reason for delays in those filings comes to mind. If she is expecting a payment for services rendered and that payment has not been received, she may have every right not to proceed with those filings, including withholding of deliveries to the SEC, even if they're completed. As I recall, someone, a poster here on iHub stated that Sharon D. Mitchell had been contacted and that some of those reports were complete. That was several months ago. We know that she is listed as, among other duties, an employee. I'm skeptical that she would agree to this kind of arrangement. After all, she does maintain four office entities around the country.
The weather will be turning soon. It will hamper what production that might be ongoing at this time in Wyoming, Montana, Oklahoma. It will create justification for major slowdown or even work stop through the winter months. That's the downside. The upside is that it will provide an opportunity to catch up on the much tardy paper work, maybe even provide for catch up on long past due s.e.c. filings. Might even provide a catalyst for bankruptcy. Who knows?
Why stop at $7? I'm calling $20 (my "IMO" number).
Makes one wonder who's driving the trucks,running the machines, keeping inventory, doing the lab tests etc. etc. Oh yea and constructing the mobile processors.....
Yes, it does. Appears as though all the employees drive desks.
Sharon D. Mitchell is listed twice on the OTCMarkets.com web site (http://www.otcmarkets.com/stock/GRNO/company-info)
Both times as legal counsel but once as a company officer. There is no name listed for the position of Auditor/Accountant. The site also lists "8 employees".
I'm sure I saw Sharon D. Mitchell listed as an employee in one of the articles I read. I didn't think too much of it because I consider she could be counted as a contracted employee. I'll see if I can hunt that reference down but it may take me some time.
According to the Sungro SEC investigation article you posted and info (July, '09) from the OTCMarkets.com website (same one listed on iHub (GRNO) front page as source for the Security Details share structure, it appears to be when Sungro stock was near the end of the Monk's manipulation. I was looking for numbers to justify failure to file without breaking the rules and with the shareholder number at 294 and the cap value at under $4 million, it appears GRNO is not in violation of breaking non reporting rules. I could comm with SEC and get more up-to-date info on that but if they're not fussing over it, I don't see a reason, as an investor, why I should. Maybe I'll get lucky, after all these years. If you're an investor, maybe you will too.
Shareholders of Record 294 a/o Jul 01, 2009 (http://www.otcmarkets.com/stock/GRNO/company-info)