Green Oasis (GRNO)

[rkiefhaber]

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.