97-12636. Green Oasis Environmental, Inc.; Order of Suspension of Trading

[Federal Register Volume 62, Number 93 (Wednesday, May 14, 1997)]
[Notices]
[Page 26601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12636]



SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Green Oasis Environmental, Inc.; Order of Suspension of Trading

May 9, 1997.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Green Oasis Environmental, Inc. (``Green Oasis''), a Charleston, South 
Carolina based company purportedly engaged in the business of 
developing and selling equipment to process waste motor oil into more 
valuable fuels, because of questions regarding, among other things, 
Green Oasis' press releases concerning (1) the development of Green 
Oasis' products; (2) Green Oasis' business operations, including the 
testing of its equipment; (3) relationships between Green Oasis and a 
financial analyst who recommended purchase of its shares; and (4) the 
commercial viability to the contracts Green Oasis has announced it 
received to purchase its equipment.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
company is suspended for the period from 9:30 a.m. EDT, May 9, 1997 
through 11:59 p.m. EDT, on May 22, 1997.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-12636 Filed 5-9-97; 4:05 pm]
BILLING CODE 8010-01-M