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The final nail in the coffin....
https://www.justice.gov/usao-mt/pr/jury-convicts-former-custom-carbon-processing-president-clean-air-act-violations-stemming
This was an expensive lesson for Peter... The sad reality is it sounds like he had a real business and just took to many shortcuts.... Carraway never had a viable business just all smoke and mirrors....I wonder if the shell has any value....third time is a charm....
Best regards to all,
Bob
TCA Global sued in Broward Cty Court and a settlement was reached for the balance owed on the line of credit which I believe was less than $200k. Final order of dismissal was in January 2015.
https://www.browardclerk.org/Web2/ Type in case number
CACE 14018234 .....
I also remember reading that the driver of the tanker that exploded was charged criminally.....
Of course none of this matters now... Fortunately no one died but our investments.
'Value' is all relative, if the company can become a reporting company the stock should jump to $0.15 to $0.20 cents a share. This would make me a very happy camper !!! I agree anything over one dollar is not likely with the dillution and operating costs.
Good research Ferick, I am guessing the "cease and desist order" would only apply to the company or officers selling stock. They can't stop them from conducting business while they are trying to bring their financials up to date. As far as putting out a news release they have a track record of not doing so until after the fact.
Got a response to an email from Ms. Mitchell a couple of weeks ago. She claims she is still working with Peter on resolving the issues with the listing requirements. As long as she is still working on it there is still an outside chance the company will some day have some value. You never know GRNO has been dead before.... third time is a charm....
Could it be...it seems someone is actually buying the stock!!!
The explanation I got for the web site being down was that there was an ownership and/ or registration issue that was being fixed. (Sounds like an Aldo Rotondi issue to me.) Stephen Taylor is currently working on a replacement web site.
Other than that they claim to still be working on the listing requirements as well as the business in general.
greenoasisenvironmental.com
Web site has expired on 11/11/13, I guess we can't afford it anymore??
Interesting to read through these filings. The Monkster seems to be suffering from severe memory loss. It is amazing how much he does not remember.
The good news is that Peter Margiotta does not seem directly implicated in the Monk's testimony. As Sharon Mitchel has stated over and over.
It sounds to me that they need the share count between 1997 and 2009 to complete the audits. If any one has any ideas who was issued these shares I am sure Sharon would be happy to hear from you. LP conversions possibly ?? Bill Carraway feathering his nest possibly ??? Who might have this information ??
Without this info we go no where IMO !!
One of the pictures of the destroyed plant had two power poles with transformers hanging from them. The utility company would not provide power without someone doing an inspection of the facility.
As you stated 'Ferick', the bigger problem is that there are no operating plants as of this moment. Let's hope that will change by the end of the year.
Sure it is possible, but try to get utilities hooked up?? Doesn't seem they could have been operating all that equipment on a generator.
Is it possible to build without a building permit in that neck of the woods??
In my state the construction would have never been allowed to start, and if it was started some how there would not have been electric service until the building department authorized it.
Does anyone know the building requirements in Wibaux ??
Confused ??
The company needs to update the shareholders regularly, and I don't mean BS news releases. It is sad that I found out more about their operation from the explosion than I knew prior.
I understand the MacBeth plant has not yet been cleaned up and I can only assume that is because the government inspectors have not yet filed their final report. I believe they have six months to do so. But I was told from IR that Peter is focusing on getting one or more of the other locations producing as he regrets putting all his eggs in one basket.
I have been told more than once by IR that the loss was totally insured and that the credit line is very much under control. If the company was able to pay back the majority of the credit line in the short time the plant was operational I would be very impressed.
Peter, Sharon or Stephen, if you are listening we need a news release. Call it a shareholder update. But give us something please.
I was told by the company more than once that they were well insured. I would assume that business interuption is probably included.
I was told by IR that the plant was making money and the credit line was almost paid off allready.
Either way I don't think keeping the doors open is an immediate threat.
Thanks for the input from the fire chief. Please let us know when the investigation is over and what the comclusion is.
Sounds like the trucker was at fault.
Lets hope the injured are doing well. The rest can be fixed.
One small problem with your theory.... a lot of the shares issued were restricted.
The company insiders would be hurting themselves selling stock at these prices as they own most of the restricted.
Maybe they settled with Balallan ???
Just my 2 cents....
It sure would be nice to hear something from the company !!!
If TCA Global was non dilutive, I would love to know what 45M shares bought us since January ??
If anyone know's please share.
I questioned IR in an email two weeks ago and have yet to get a response.
You are probably correct, but we will have to 'agree to disagree' that Taylor is 'absolutely unsure' of what he is saying.
FWIW, I was told by IR just last week that the TCA Global credit line was equity based and non dilutive. I was also told that their revenue has doubled since the plant upgrade. Their words not mine.
Of course it is tough to verify any of this without any public filings but I personally don't believe this was a death spiral. I have ordered a prospectice from TCA Global and they appear to be a legit fund. Their minimum is $100K to invest and their yield currently is 13%.
"Would you be willing to pay $80/bbl for another refinery's SLOP OIL?"
The value of the finished product or crude oil will always vary. What you neglect to factor in is the disposl fee which is charged to the customer for the service.
Interesting web site, thanks for sharing.
"Have you visited Wibaux?"
No, but I would like to. Sounds like a story book town frozen in time.
Back to business, I checked with Frank Datta of the Gazette and he had no information on the company other than they had used the Gazette to place an add in the past.
It seems to me that Margiotta would not have spent the money to upgrade the facility only a few months ago if there was no money to be made. It also seems very unlkely that TCA Global would have given them a $2M credit line without doing some research on the viability of the business model or their prior track record.
Thanks for your input though.
According to the complaint:
"Plaintiff states that Williams sold 178,681 shares of GRNO for approximately $36,000profit and that Fund was not notified. That statement is completely false. Fund was informed of my intent to sell a portion of my GRNO shares to cover my expenses of travel to Japan and NewZealand… The Fund was also informed that I had well over a million shares that I would holdfor the long haul… After covering travel expenses, I had no intent to sell any further, and Ididn’t. GRNO reached in excess of $.70… I could have sold those shares for approximately$850,000 in total. I still hold those shares. I would not sell into weakness hurting the stock orother people."
Question: Does Williams still hold over one million shares of GRNO as he states here?
The company attorney has stated that Williams got his GRNO shares from a third party. Until I am told something different I prefer to believe her.
All this is a rehash of old news and the bottom line is the company did nothing wrong even if they did pay to promote their stock. Williams seems to have a reasonable defense for his actions if his statements check out. This in my opinion will settle out of court.
"nobody chiming in on a 27% increase today? whewww!"
Must be that 'luken201' guy. From now on I'm buying when he buys!!
"GRNO Zero volume news. LMAO!!!"
Baby steps...first the loan... then the new plant....then the filings.....
As Slick Willy would say: "No one could fix all this damage in just 3 and 1/2 years.....not even me"....
I am happy with todays news release and looking forward to the release of the audited financials in the near future...then we become a real company...
Judgeing from the volume today someone disagrees with you.
In my opinion we have a better chance of seeing this company trade on the OTCBB than the Greys.
Ms Mitchel is a professional, that I am sure of. If she says the financials are coming then they are coming.
Patience will pay off in my opinion.
"Could it be that GRNO used this method to simply raise funds?"
Rocker, I think that Peter Margiotta got involved with some unscrupulious people when he acquired control of the shell. Between Caraway, Ramos and the rest of the players he was screwed. I believe he has been trying to fix the damage and become a legit reporting company recently and I believe that hiring Sharon Mitchel was when it all began.
It is taking Peter and Sharon a long time to clean this mess up. But if there is a money making business behind it all it can be done.
Holding and accumulating sounds like a good idea to me.
Who hired Jerry Williams...AKA 'Monk' ???
My guess is that these guys at Ramos and Ramos might know something about it:
http://newsletter.hotstocked.com//thirdparties/view/Ramos-&-Ramos-Investments,-Inc.-84/order:compensation#
Xena, while it is very possible the company did not know who hired Williams. Being a small company they surely know who had the stock to sell and could easily verify the sales with the transfer agent. The important point is that Peter Margiotta did not hire Williams and did not sell into the pump.
I am guessing that this SEC investigation, although hopefully not implicating GRNO, has delayed the long overdue filings and any updates or news releases.
The new equipment should be up and running by now ??
All my opinion of course.
I was told by the company attorney that Peter did not hire Williams to promote the company, this was confirmed by a second individual and he suggested that the promotion and stock payment came from a private party. I am sure they know who hired Williams and the transfer agent could easily validate their claims.
We are in need of some company disclosure here and a few financials wouldn't hurt either.
The recent buyer indicates to me that we are getting there, slowly.
AMEN sidestyle !! With some financials and earnings the stock might just find a new trading range preferably in the double digits....cents that is.
I would guess that Monk was doing his FLD thing with EIGH, CDIV and SUGO months before GRNO. Then along came GRNO agreeing to give him 1.4M shares of stock to promote their company. Bad choice , very bad, especially after the history of the Carraway years. However, there are no allegations in the complaint against GRNO or any of it's officers. Paying for a stock promotion is completely legal. What Monk did was not.
At this point in time the company needs to be transparent and share their numbers with us. Show us what they showed TCA Global when they OK'd their $2M line of credit. If Peter has a legit business plan let us see it!!
I compare Aldo to a used car salesman...He sells otherwise useless shells and gets paid primarily in stock......I am guessing he still has a large position in HRA.....
All my opinion of course....
I am not surprised at all of this news...my opinion is that this stock selling, Monk involved, pump and dump, smells like an Aldo Rotondi scheme. He was management back then and a board member. He probably had a boatload of stock from facilitating the transaction between Carraway and Margiotta. Then mysteriously he dropped off the board of directors. Now the company has nothing to do with the guy. I could be totally off base and if I am I would like to apologize to Aldo. But at the time in 2009. Aldo did not give me that warm and fuzzy feeling.
Peter on the other hand let it happen. He should now right his wrong by being transparent and bringing us investors up to date.
As usual all my opinions of course.
One thing I am certain about is that this was all before Sharon's watch.
Who called off the pumpers ???
I prefer to focus on the positives, we are up for the day on heavy volume after yesterdays pump and dump and someone has decided our little company is worth lending $2M to.
End of story!
More news will be coming. Relax.
Yes !! We hope.
Did you not see that the news release has not been released yet. The people on this thread know about this financing only because of Luken's fine detective skills. The stock price will take care of itself in do time.
Great news it is and I will have a great weekend !!
Let it go "kezzek", let it go.....
The fact that a legitimate company saw fit to lend our little company $2,000,000 is a good thing no matter how you twist it.
Let it go "kezzek", today GRNO has said more than in all the press releases since 2009, and they said nothing !!!
Time for a few more cocktails....Have a great weekend all.
You too "keez".
Sounds like good people to me......hey "kezzek"
http://www.trafcap.com/Press-Releases/tca-capital-advisors-reaffirms-commitment-to-make-a-wish-foundation-of-southern-florida
Check these guys out......
http://www.trafcap.com/
Doesn't look like your normal offshore death spiral con artists to me.
I think this calls for a cocktail...going to sleep good tonight.