From: CALIFTALK (What to do with the BROKEN pieces left by previous management?) Thank you for your reply Mr. Yarmak
The future of Oilex is very difficult to decide.
I am examing all the options that the shareholders have to recover their investment.
The misinformation goes deeper than I ever thought possible.
The greatest threat to the survival of the operations is the liability of plugging the
wells that are not producing as required by thr Texas Railroad Commission.
The best opportunity to recover is the fact that the members of the Board of Directors
did not exercise their fidiciary obligations, and that the Auditors reports did not
report the proper condition of the company.
In addition that the company attorney, Warren Soloski, and Oliver Timmins, the company President who is also an attorney, issued incorrect letters permitting
the restrictions on Oilex shares to be removed, contrary to SEC Rules and Regulations, and thus allowed Burditt and his affiliate companies to flood the market
and constantly drive down the market price of Oilex, while Burditt was issuing
false and misleading news releases and paying consultants to tout the stock, and spread rumors of a short interest in the stock,
all for the purpose of attracting investors to purchase the stock he and his affiliate companies were selling.
The responsible parties will have to give restitution and defend them selves in legal
actions now pending and legal actions that will be filed shortly. |
