“It’s hard to believe GRNO was running up 30% last week and closing massive business deals while the rest of the market was making some of history’s worst falls” – this is how the latest ones start for Green Oasis Environmental Inc. (PINK:GRNO). Well, it is amazing, no doubt. But not nearly as much as taking a broader view of the situation in consideration. 
Fact – GRNO did have some increase in the share price. Fact – it was a jump and slump pattern as the increase could not be sustained. On Friday, the session closed at $0.048 with 35k shares exchanging hands. No significant change in the stock price for the day. The day before that – only 3k shares changed hands. A few days before that – more than 250k shares changed hands. Announcements also keep on coming. The latest one spread at the end of last Friday, so if it could affect trading it would be today. That`s not the only catalyst for increased trading, though.
Promotions also keep on coming. Promotions, costing $135k and 450k free trading shares. A couple of newsletters hit mailboxes on Sunday, yet to see how many people were influenced by them. It is possible that another hype is coming. [BANNER]
In the meantime, recent balance sheets are still in the area of wishful thinking. Despite all the announcements and positive claims in promotions, there is hardly evidence that the company makes money, or has the cash to sustain operations. Combined with the money paid for promotions, GRNO might be a lucrative investment for one set of people, but extremely risky for another.
