GRNO Cease & Desist Order by the Alberta Securities Commission -- Shareholder Assistance
July 25 2013 - 7:30AM
Marketwired
Green Oasis Environmental,
Inc. (PINKSHEETS: GRNO), a Florida
corporation, received a Cease and Desist Order by the Alberta
Securities Commission due to the Company's failure to comply with
the provisions of National Instrument 51-102 Continuous Disclosure
Obligations which was filed on July 16, 2013. National Instrument
51-102 requires, among other things, that financial statements be
made publicly available for OTC reporting issuers.
The Company has been unable to comply with both the National
Instrument 51-102 reporting requirements, as well as the reporting
requirements of the Exchange Act due to the Company's inability to
get its financial audits completed. And although the Company's
financial documents have been in the hands of the auditor since
January 2011, there seem to be many obstacles to hurdle left over
by the previous management; the biggest obstacle to getting these
financial statements audited and filed is the Company's inability
to provide information as to when and how shares of the Company
were issued between the years 1997 and 2009.
When present day management took over the company, the last
public filing was made on October 7, 1997 for the period ending
June 30, 1997 and showed a total of 6,465,134 issued and
outstanding shares. When the shareholder list was finally released
by the then Transfer Agent, and which was dated June 2, 2009, the
list showed 25,062,742 issued and outstanding shares; resulting in
a discrepancy of 18,597,608 issued and outstanding shares between
the last publicly filed financial statements and the actual issued
and outstanding shares. All of the shareholders on the list of June
2, 2009, were issued certificates of free trading shares and
assumedly are in possession of those shares. Accordingly, it
appears that during the years between the last filing in 1997, and
June 2, 2009, there were 18,597,608 shares of GRNO issued.
However, the Company today does not know how or when these
shares were issued and therefore, the discrepancy has created
difficulty in reconciling the books of GRNO; because of this
discrepancy in the share issuance the completion of the audit has
been delayed.
With help from various shareholders on the shareholder list and
with help from people who were involved with the Company at some
point, we have eliminated much of the discrepancy. However, to
date, we still have a discrepancy and ask all shareholders whom
received shares prior to 2009 to send us a copy of their issued
certificates with an explanation of how they obtained them
(purchase, exchange, debt conversion, etc.) so that we can
reconcile our books and get our audit completed and filed. If
sending a copy of the certificate is not feasible, an email with
your name, certificate number, date certificate was issued, and how
you obtained your shares would be sufficient.
Please forward whatever information available to
sharondmac@att.net to assist us in completing the audit and moving
forward with the Company.
Safe Harbor Statement
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(973) 351-3868 STEPHTAYL9@AOL.COM www.TheStockAlerts.com
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