Green Oasis (GRNO)

[rkiefhaber]

"It seems to me that, since GRNO has a package coming from Europe, it might have something to do with that patent."

The patent is for the old process that never was commercialized. Carraway had a prototype in Charleston which turned out to be a very expensive pile of scrap iron. Margiotta's process seperates crude oil from water. Carraway's patented process rerefined dirty motor oil and turned it into diesel fuel. The patent that Ballalan holds title to so far is worthless and expires in a couple of years. Ballalan really does not have any bargaining power in my opinion. Peter could take this thing private again in a heartbeat and then we all lose.

The lack of reporting by the company might have some bearing on this although it is no excuse. What it boils down to is what is the value of the public shell to Peter Margiotta ??

If Carraway had any assets there would be a line of people sueing his ass off right now.

All my opinion of course.