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Microcap & Penny Stocks : OILEX (OLEX)

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To: baron-marney who wrote (2362)1/9/1998 6:53:00 PM
From: Richard L. Williams   of 4276
 
To the Baron:
We, the stockholders, have been kicked squarely in the teeth. Did you ever really buy your 275,000 shares? If so, how do you feel right now?

A couple of questions:

1) Correct me if I am wrong...to be listed on the NASDAQ, a stock must sustain a $4 share price for a short while, and $1 after that. How the DEVIL does a 20 to 1 stock split get Oilex anywhere near being listed? At .90, we are still $3.10 away.

2) Who are the directors of this company that made this move in such a sneaky, underhanded manner? I can look them up, to be sure, but you are here to give information, right? I want to write to these people and express my ire, as though they would be surprised.

I understand that investing in bulletin board stocks is gambling--and the stockholders of Oilex just rolled snake eyes.

Sure hope there is news soon...what a way to start a weekend.

Rick
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