Replies to post #30254 on Green Oasis (GRNO)

[Toxic Avenger]

Yes, however since there's never been any proof of counterfeit shares on GRNO, I think the pump and dump is a far more likely explanation for both the move up and down.

And of course there's still the questions of what happened to the 24.5 million shares given the CEO of GRNO in July 2009 that he no longer owned by YE 2009 and how many does he currently own of the 60 million originally given him. Selling those shares would have added a huge supply to the float, though of course, they are not technically "dilution".

[AlanC]

The implementation of the new regulation as of Friday will take away one of the loopholes that has helped make naked shorting or the selling non existant counterfeit shares easy. I hope regulators come down hard to send a loud clear and expensive message in the next few days. Should be interesting if we are able to discern changes in trading next week. Lets hope so. Go GRNO!!!