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Re: deitcher post# 33604

Saturday, 01/07/2012 7:00:31 AM

Saturday, January 07, 2012 7:00:31 AM

Post# of 35802
"Specifically, it says "to the date of entry of judgement" and it gives the amounts of interest accrued. I find this grand total they are asking for to be $1,809,863.60 and I perceive no cause for panic. "

You're right. They always say that, the underlying assumption being that the judgment will be PAID upon the entry of judgment. It would not be unusual, though, for the plaintiff to seek and receive relief from the court if the judgment hasn't been paid in oh, 3 or 4 years, in the form of additional interest.
And then again there's the practical likelihood that any portion of the judgment is to be paid at all, which dwindles as time goes on. So Balallan may very well be willing to accept less, perhaps far less, than the amount of the original judgment rather than incurring legal fees seeking more.

I think that you're right to "perceive no cause for panic" based on that issue. But perhaps one should consider panicking based on the fact that the company hasn't made a peep to the public in the last 4 months. And the last time they did it was to say that they were putting their most recent endeavor on hold pending peace in the Middle East, a process which has been in the development stage for centuries.
"Prior to the general unrest in the Middle East and the various countries, including Yemen, we were negotiating a transaction to establish an oil reclamation facility in Yemen. A Memorandum of Understanding (MOU) had been entered into and we were following up with ongoing negotiations. As the safety of our personnel and of our equipment is important to our Company, we decided to suspend negotiations until such time as the conflict was resolved and we were able to continue our negotiations."
http://ih.advfn.com/p.php?pid=nmona&article=49003139

Otcmarkets.com has put GRNO in the OTC Pink No Information category, which is described as follows:
"Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months.

OTC Pink No Information includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."



I know that you and several others have been here for a number of years and if you were gonna panic you would have, or did, a long time ago. So maybe panic isn't the appropriate current perception, but I would think that extreme concern....suspicion, as otcmarkets suggests.....might be.

Start every day off with a smile and get it over with......Larson E. Whipsnade

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