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Microcap & Penny Stocks : OILEX (OLEX)

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To: straight life who wrote (1871)12/10/1997 2:44:00 PM
From: OFW   of 4276
 
Whatever happened to WIN-TV and Orion Industries?

1) Whatever happened to WIN-TV and Oilex's investment in 149,200 shares of preferred stock valued at $2.5 million?

"New management acquired 149,200 shares of preferred stock in a private corporation named WIN-TV. WIN-TV is under contract to exchange its assets for controlling interest in an American Stock Exchange Company. The WIN-TV preferred stock owned by OLEX is valued at $2.5 million."

(From letter to shareholders posted by Oilex on its old home page.)

2 What ever happened to Oilex's attempted acquisition (August 1995) of Orion Industries a d/b/a of Orion Petroleum, Inc.?

A couple more questions which investors (past, present and potential future) might need to address.

Offie

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