Replies to post #33608 on Green Oasis (GRNO)

[rkiefhaber]

"It seems to me that, since GRNO has a package coming from Europe, it might have something to do with that patent."

The patent is for the old process that never was commercialized. Carraway had a prototype in Charleston which turned out to be a very expensive pile of scrap iron. Margiotta's process seperates crude oil from water. Carraway's patented process rerefined dirty motor oil and turned it into diesel fuel. The patent that Ballalan holds title to so far is worthless and expires in a couple of years. Ballalan really does not have any bargaining power in my opinion. Peter could take this thing private again in a heartbeat and then we all lose.

The lack of reporting by the company might have some bearing on this although it is no excuse. What it boils down to is what is the value of the public shell to Peter Margiotta ??

If Carraway had any assets there would be a line of people sueing his ass off right now.

All my opinion of course.

[deitcher]

Carraway's process was far more complex than Margiotta's. Margiotta simply centrifuges a mixture of water and crude oil and since oil is lighter than water, the oil separates from the slop and they run it into a tank and sell it to Shell. Carraway heated lubricating oil such as old crankcase oil from a service station. When hot enough, the long lube oil molecule "cracks" and makes a shorter molecule ("diesel" or heating oil) and an even shorter molecule which is a gas and is used as a fuel to help the heating. Neat, eh? What could go wrong?

I am an individual who likes the KISS method. Keep It Simple, Stupid. Centrifuging, helped along with a dose of microwave heating to help us through the winter, is my kind of simplicity. We don't need no stinking patents, OK? Besides, I have seen a beautiful patent misjudged in court because of a lack of understanding of its true value. Courts have a way of being distracted by artful flimflam which negates patents. It is far better to understand what you are doing and do it better than the other guy.