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Saturday, March 09, 2013 11:56:41 AM
1. If company’s projection is correct and realistic:
On target to $8.5 million (2/24/2010)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8YqiLBKsUDk
2. And company was making money to pay the TCA credit line regularly from the earnings made from the new plant, and the credit line was almost paid off:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84884523
What is constant from the day one, irrespective of what has happened is:
1. There are no financial documents that are required to be completed (I am guessing). GRNO has enough time now to work on this, until OSHA completes the investigation.
2. Enough time to order any hardware from Europe if required, if machinery is damaged.
Bottom line is:
1. Management holds majority of the stock.
2. If they want to make this company successful, they can do it. Stock will have another 100 million shares added to the outstanding in the worst case scenario. But remember, this need not have to happen as, if the credit line was paid to TCA, they should have more confidence in GRNO paying back a new credit line if required.
3. I would add 1-2 years for GRNO to come back to where they were before the mishap.
We would not be discussing the demise of GRNO if there was no accident. Instead, we would be discussing how many places the decimal point would shift to the right in the next six months.
Nothing has changed so far.
1. We did not have new plant.
2. And we did not have TCA credit line.
Sum total is zero.
I am not bashing or pumping GRNO.
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