Green Oasis (GRNO)

[Toxic Avenger]

Once a stock like GRNO gets hyped (GRNO had at least 2 paid promotions, 1 for $100k, plus Monk's "FLD" story) and runs way ahead of any realistic value, it often drops hard. Many momentum and "get rich quick" buyers come in, bid up the price, then can't get out as both price and volume fall.

The 2009 figures then showed losses, 24.5 million shares given to the CEO in mid 2009 no longer owned by him at year end, and a preferred stock issue which carries $450k/year in interest cost. There have been no 2010 audited filings yet.

It may run again, but I think it will require positive results, and those may not come for years, if ever. There is also the overhang of Monk's Den and the question of why anyone would pay any money, let alone $100k, to promote a stock they held which they believed would do well on its own.

There may be a lot of "support levels" that get tested over the next 12+ months.