“Green Oasis Environmental Inc. (PINK:GRNO) managed to stay in the green zone despite the general panic that took over financial markets yesterday” – this is how the latest alert up-to-now starts. Well, not only did it manage to stay in the green zone, but GRNO closed also with a 62% increase in the stock price. One question – why? 
While it might be possible for the trading of GRNO to be affected by recent news and events about the downgrading the US credit rating, it is also possible that other forces played their role during the session yesterday. Worth-mentioning among them are the promoters. A number of promoters for a number of alerts hitting mailboxes from dusk till dawn. What is more interesting, however, is the fact that despite all these promo newsletters the total trading volume for the day reached only 75k shares. Since the session closed at $0.07 per share, it was a session with a dollar volume below $5k.
Now, one reason why all the alerts failed to attract attention to this stock is because of the lack of information, the lack of financial information in particular. The last quarterly report dates back to the middle of 2010 as there has been no SEC filings this year, save for two 8Ks at the end of January and then in the beginning of February. In this aspect, no matter how positive news and promotions might sound for Green Oasis, it might be hard to gain investor confidence having no evidence that the company is operational and has the funds to sustain operations at least in the near future. [BANNER]
One source, actually, that might be useful is the recent interview with members of the management team. It came out yesterday and is worth-considering when doing the due diligence. Unfortunately, it is not enough. Until objective data about the financial condition of the company is presented, uncertainty would prevail on the stock market.
