Replies to post #33602 on Green Oasis (GRNO)

[rkiefhaber]

Come on 'Rocker', it's not that bad. Ballalan won't enforce their judgement until GRNO has established some value. They wouild have done it allready. Peter controls the value of the public company. I am sure Balallan will settle for far less than the $2M owed. The interest as well as the principal are negotiable. I am guessing that they will settle for far less than a million. If the company is legit and making money you might see 10%-20% dillution in the stock, my guess of course. I think Peter and his counsel are presently trying to clear the skeletons out of the closet from the Carraway days. The company has a lot invested in the shell, it has to be cheaper to settle than walk away.
All my opinion of course, we shall see.

P.S. Peter never answered my emails either. Don't read anything into that.

[deitcher]

With the total liability increasing because the judgement provides for 10% interest to continue to accrue on the original judgements

Let's read the judgement again.

https://viewer.zoho.com/docs/aGNDe

Specifically, it says "to the date of entry of judgement" and it gives the amounts of interest accrued. I find this grand total they are asking for to be $1,809,863.60 and I perceive no cause for panic.

As for announcing a final negotiated settlement with Balallan, I have always expected that to be included within a grand "Shock and Awe" approach that would include filing the financials and a global-type spam that would say, "Hey look at us!".

But that's just me.