Replies to post #32244 on Green Oasis (GRNO)

[Toxic Avenger]

May I ask at what price Peter sold you some of his shares?

[loanranger]

"I bought shares through Peter directly"

Forgive what seems to be a silly question, but what company name appears on your preferred share certificate?

But when GRNO filed an 8-K on 12/1/10, which unfortunately did not include the purchase agreement as an exhibit, they said this:

"On December 1, 2009, Peter Margiotta and Frank Pellizzari (“Vendors”) and Global Enviro Solutions, Inc., a Public Company (“Purchaser”) and Custom Carbon Processing, Inc., a privately owned company (“Corporation”), entered into negotiations to acquire the privately owned company, Custom Carbon Processing Inc., via a Share Exchange Agreement in which Peter Margiotta and Frank Pellizzari received Preferred Shares of Custom Carbon Processing, Inc. Custom Carbon Processing, Inc. remains a wholly-owned subsidiary of Green Oasis Environmental, Inc. This Agreement was approved and the Shares issued in December 2009."

I assume that was a mistake and that they received Preferred Shares of Green Oasis (or even Global Enviro), 15,000 shares of which the CEO sold to you, if I understand this correctly:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63456498

Presumably they are part of the shares that the company reports as:
Preferred Stock Series A par value $5;
10,000,000 shares authorized; 1,000,000 issued and outstanding on December 31, 2009

Does the preferred not pay you a 9% dividend and, if so, what what's the benefit of converting at, as I understand it, a price above the current market? I must admit I did not follow the following:
"Yes, at $0.10 I'll own in total 800000 shares. Thats counting the common purchased at $0.25. I bought in when the market was hanging between $0.45 - $0.60 and locked in for 12 months."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63457820

Thanks for sharing this stuff.