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Eric, You pegged it. All this volume with no move up has a REAL bad stink. If I were a major stockholder, such as Mr Burditt, or company officers, I would sure as hell find out who was selling. For us little fish, all we can do is hope that selling has nothing to do with company fundamentals, but reflects some personal agenda of a major shareholder. Could be he/she needs cash, needs a tax loss, or maybe a supplier or consultant paid in stock doesn't want to hold. Assuming no fraud or conspiracy among the 'big guys', the price will recover, and we will make a bundle when the market absorbs all this excess stock, AND when Oilex can show significant revenues. We should know one way or the other in a month or two. FWIW, I am holding. Best of luck to us all in 1998! John R. |
