Green Oasis Environmental Keeps Falling (GRNO)

Green Oasis Environmental (OTC: GRNO) dropped on a third consecutive day, falling a dismal 20.6% to a share price of $0.0135. Volume remains above average.

With its recent decline, Green Oasis Environmental has a total loss of 25% in share price since the start of 2012. Shares of Green Oasis have also experienced high levels of volatility.

On June 20th, 2012, Green Oasis Environmental announced its wholly owned subsidiary, Custom Carbon Processing, has received US $2 million line of credit from the TCA Global Credit Master Fund.

The recent funding secured from TCA has been appropriated to the brand new “state-of-the-art” Michels facility located just south of Wibaux, Montana. This includes the designing, materials, construction, administration, labor costs, and equipment required to construct this facility.

Oddly, there hasn’t been any other recent news or press releases from the company to be seen except the announcement yesterday. There isn’t even any Edgar filing to be found.

The last piece of news of Green Oasis Environmental goes back to August 30th, 2011, when the company announced its wholly owned subsidiary, Custom Carbon Processing, had been looking into the opportunity to do business in other countries as international companies continue to take interest in CCP’s processing capabilities and technology.

Green Oasis Environmental was organized initially to acquire distribution rights to various products within the environmental industry.

In February 1992, Green Oasis acquired from Waste Energy the rights to distribute, throughout much of the United States, as well as Australia and New Zealand, products that were intended to process waste crankcase oil and trash into a fuel that would power a diesel generator to produce electricity. Green Oasis developed marketing material for this system and established a sales network of some 30 independent contractors to represent the products in the acquired markets.

In August 1992, without ever having produced a functioning product, Waste Energy filed a bankruptcy petition under Chapter 11 of the U.S. Bankruptcy Code, a proceeding that was converted to Chapter 7 in December 1992.

In December 2009, the Company acquired Custom Carbon Processing.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.