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.
