Replies to post #31364 on Green Oasis (GRNO)

[XenaLives]

Highbeam is a paid service, covers podunk newspapers and the self serving PR's Carraway paid for on PR newswire. The independant sources are limited.

Oh, my list is shorter because I delelted all of the 1997 stuff which would be the last period Carraway reported financials for and is therefore irrelevant to this discussion.

PR Newswire; June 17, 1998; 515 words ...PRNewswire/ -- Green Oasis Environmental...today that the South Carolina Department of...President, Green Oasis Environmental...GRNO) CO: Green Oasis Environmental, Inc. ST: South Carolina IN: ENV SU...
Green Oasis Environmental, Inc. Places Plant in Continuous Operation

PR Newswire; January 23, 1998; 462 words ...markets to others. SOURCE Green Oasis Environmental, Inc...William D. Carraway of Green Oasis Environmental, Inc...awod.com/ (GRNO) CO: Green Oasis Environmental, Inc. ST: South Carolina IN: ENV OIL SU: JB-CB...
Green Oasis Environmental, Inc. Reports First Quarter Profit of $.12 Per Share

PR Newswire; June 15, 1998; 477 words ...markets worldwide. SOURCE Green Oasis Environmental, Inc...Carraway, President, Green Oasis Environmental, Inc...awod.com/ (GRNO) CO: Green Oasis Environmental, Inc. ST: South Carolina IN: ENV SU: LAW DR...
Green Oasis Environmental, Inc. Terminates Agreement to Acquire Collector

PR Newswire; May 28, 1998; 529 words ...1998. (2) Green Oasis has increased...1998 by the South Carolina Department of...President, Green Oasis Environmental...GRNO) CO: Green Oasis Environmental...Institute ST: South Carolina IN: ENV SU...
Green Oasis Environmental, Inc. Receives $1.65 Million Contract


PR Newswire; August 5, 1998; 512 words ...markets worldwide. SOURCE Green Oasis Environmental, Inc...Carraway, President, Green Oasis Environmental, Inc...com/ (GRNO) CO: Green Oasis Environmental, Inc.; Manova A.S. ST: South Carolina, Turkey IN: ENV SU...
Green Oasis Environmental, Inc. Receives $7.2 Million Order from Midwest Fuel Refining

PR Newswire; September 8, 1999; 700+ words ...8 /PRNewswire/ -- Green Oasis Environmental, Inc...headquartered in Charleston, South Carolina and Kwikpower International...and privileges to the Green Oasis technology (with worldwide...The consideration to Green Oasis is a combination of...
CORRESPONDENCE.(SEC settles Green Oasis case)(Column)

Searcher; September 1, 2001; 553 words Green Oasis Environmental Updated Well...example involves the company Green Oasis Environmental (GOE...com/] of Charleston, South Carolina. GOB spammed bulletin...and I want to clarify the Green Oasis situation. First of all...
Green Oasis Environmental, Inc. Demonstrates Plant.

PR Newswire; October 9, 1998; 269 words ...Oct. 9 /PRNewswire/ -- Green Oasis Environmental Inc. (OTC Bulletin...announced today that the Charleston, South Carolina plant has been operational in...support of the Finance Minister. Green Oasis' patent pending process is designed...
Green Oasis Environmental, Inc. (GRNO) Approved to Accept More Waste Oil.

PR Newswire; June 6, 2001; 700+ words ...6 /PRNewswire/ -- Green Oasis Environmental, Inc...again satisfied the South Carolina Department of Health...additional capital outlays. Green Oasis believes the expanded...the temporary permit, Green Oasis immediately began the...
Green Oasis Environmental, Inc. (GOE, Inc.) Secures Asian Joint-Venture Partner.

PR Newswire; November 6, 1998; 700+ words ...relationship now formed with Green Oasis. The joint-venture...for 71 cents a liter. Green Oasis continues to move its...July 1998, DHE, South Carolina, issued the necessary...capital investment in Green Oasis. Green Oasis' patented...
Green Oasis Finally Resolves the 1998 Lawsuit Brought by the United States Securities and Exchange Commission Through an Extensively Negotiated And Favorable Settlement.

PR Newswire; July 12, 2001; 700+ words ...11 /PRNewswire/ - Green Oasis Environmental, Inc...proudly announces that Green Oasis finally resolved all...for the District of South Carolina entered an extensively...originally alleged that Green Oasis Environmental, Inc...
The State, Columbia, S.C., South Carolina Column.
Knight Ridder/Tribune Business News; October 13, 1998; The State, Columbia, S.C.; 700+ words ...OASIS GRANTED PATENT: Green Oasis Environmental Inc...worldwide patent rights. Green Oasis has not operated its...Commission filed suit against Green Oasis in July about company...lead discussions in South Carolina's first live video...
Green 0asis Environmental Inc. Reports Waste Oil Processing Plant Started

Business Wire; June 14, 2001; 630 words ...exchange as it concerns Green Oasis Environmental, the...Governor Jim Hodges of South Carolina and Congressman Henry...Congressional district of South Carolina to come to Charleston...exclusively represents Green Oasis Environmental in Mexico...
UPI 2ND CAROLINAS NEWS BRIEFS

United Press International; February 4, 1999; 700+ words ...question the validity of a South Carolina Department of Education...YORK) _ The South Carolina Supreme Court has ordered...Carraway, president of Green Oasis Environmental Inc...COLUMBIA) _ A South Carolina-based company appears...

Here is one of those articles from 2001:

Green Oasis

Environmental Updated

Well everyone has to eat crow from time-to-time, and this writer is no exception. However, this crow is a perfect example of how information on the Web can suffer from rumor and the lack of verification. Basically, I'm saying that if this can happen to me, it can happen to you as well.

Last year I wrote an article entitled "Better Read That Again: Web Hoaxes and Misinformation," which appeared in the September 2000 issue of Searcher. In the article I wrote 'Another example involves the company Green Oasis Environmental (GOE) [http:// www.greenoasis.com/] of Charleston, South Carolina. GOE spammed bulletin boards with more than 8,000 posts claiming it had perfected technology to change waste motor oil into diesel fuel. As the stock prices soared, from around $1 to $10 by February 1997, company officers dumped more than 7,000 shares, taking home around $2.3 million. The SEC brought a lawsuit against the CEO and others seeking a return of profits to investors. Lawsuit or not, GOE is still making this claim on its Web site."

The sources I drew from included Business Week online and other Internet news sources. As an environmentalist, I have to admit I was not particularly overjoyed to report negatively on a company that seemed like it was dedicated to making the world a better place. Recent information sheds new light on the claims that I made, and I want to clarify the Green Oasis situation.

First of all, the SEC case against Green Oasis has been settled without a fine. The information that GOE spammed on bulletin boards was an error. A Mr. Reece, who was apparently not employed by the company, was never paid or offered stock by the company, independently broadcast information on bulletin boards. The SEC settled its case with Mr. Reece by fining him $10,000 for his illegal touting of GOE stock.

Since the SEC settled, without a fine or punitive measures against the officers of GOE, the claim that "officers dumped company stock and took home around $2.3" is apparently also an error:

Whether the technology that GOE uses to convert waste motor oil into diesel fuel, and which was based on a patent obtained by a Mr. W. Thomas Jones, works or not, is up to the interested parties to determine.

So be ever vigilant to what you read on the Web. It may read differently tomorrow.
AUTHOR_AFFILIATION

Paul S. Piper

Librarian

Western Washington University