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Microcap & Penny Stocks : OILEX (OLEX)
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To: Omar who wrote (2256)1/5/1998 11:53:00 AM
From: FARRIS   of 4276
 
Omar,
The transfer agent is the company that sends and receives certificates when OLEX is traded. (That is oversimplified, but should clarify the question Dave asked.) OLEX would have engaged this company (TA) prior to the company going public.

1. I would like to ask you if Oilex has any intention of raising the number of shares authorized in your charter?
2. Have all the debentures been converted at this point?
3. If they have not all been converted, and the total would exceed the 50 million authorized by charter if converted, what would the company's position be?

Thanks in advance,
Eric
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