POST 1 OF 4: CRITICAL INFORMATION FOR ALL OILEX INVESTORS
POST 1 OF 4 (This Introductory Post)
This is the first of four posts to be made over the next few minutes. All of the information provided in these posts was obtained from the official public records of the Office of the Securities Commissioner for the State of Kansas and from the 18th District Court of Sedgwick County, Kansas. All information contained herein is public and available to any individual upon demand to the appropriate agency.
The information was discovered through the course of appropriate due diligence which I have performed over the past several weeks and is deemed to be relevant material concerning my past and present investment in the common stock of Oilex, Inc. (OTC:BB OLEX). The information is posted on this public forum out of my personal belief that the information contained herein is of a material concern to all past, present and potential future investors in Oilex.
All publicly traded companies have a duty to fully inform any actual or potential investor of matters which materially effect the company. Investors have a right to expect full and accurate information prior to, and during the course of, investment decisions. As such, it is my personal belief, that Oilex, Inc. should have previously released this information to all investors. The company's failure to previously release this material information has placed me in a moral and ethical position in which I have been forced to provide this material information to all past, present and potential future investors.
Let me conclude, that I regret being forced into a position of publishing this information. However, insofar as the company has failed to fully inform investors of material matters of concern, I am duty bound to make this information available to fellow Oilex investors.
The information will be presented in a series of four consecutive postings (including this one) here on SI. The posts are as follows:
POST 2 OF 4
This post will contain the full text of a Temporary Cease and Desist Order issued by the Securities Commissioner of the State of Kansas and dated April 2, 1990. The order was issued against Allen L. Burditt II, Carlo Ugolini, Carancahua Resources, Inc., and Wellington Funding Corporation.
POST 3 OF 4
This post will contain the full text of several documents relating to Case No. 91C-3673, George and Connie Wayman Vs. Allen L. Burditt, et al, filed on December 30, 1991 in the 18th District Court of Sedgwick County, Kansas. The documents include the Plaintiff's Amended Petition dated April 17, 1992; Plaintiff's Motion for Default Judgment dated June 12, 1992; Court Order by Journal Entry of Default Judgment dated June 19, 1992; and, Satisfaction of Judgment entered before the court on April 30, 1996.
This post is extremely long, for which I apologize. However, in light of the seriousness of the allegations made in this civil proceeding, it was my opinion that the full text of the documents should be posted to allow for each investor to determine their own degree of belief in the statements made before and by the court.
POST 4 OF 4
This post contains the full text of two documents relating to a criminal proceeding in the State of Kansas. The first is a Warrant for the arrest of Allen L. Burditt, II. The second document included is the Journal Entry of Judgment issued by Division No. 13 of the Eighteenth District Court of Sedgwick County, Kansas on July 29, 1993 which establishes the conviction of Allen L. Burditt II on felony criminal charges under two provisions of the Kansas Securities Act.
EDITORIAL NOTES TO POSTS 2, 3 AND 4 OF 4
The following note applies to the text of all three of the following posts (2, 3 and 4 of 4):
The text on these posts has been manually re-entered from documents filed as public records with the named courts. I have attempted to review the text for typographical errors on my part and apologize for any typographical errors which were not detected prior to posting. In the event that any reader discovers an error or omission from these postings they are requested to notify the poster who will immediately cause to be published a correction of the error.
(sic) Any use of (sic) in the following texts refers to the actual text submitted to the court which the poster herein believes was an error in the actual document --- such text believed to be in error has not been corrected by the poster herein.
Finally, in the interest of the privacy rights of all individuals, and in the judgment of the poster, I have withheld from these public documents all personal information such as home addresses, dates of birth and social security numbers. While this information is part of the public record, I do not believe it serves any purpose to publish that personal information in this forum. Any individual who wishes to obtain that information may go directly to the public records.
Offie |
