SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : OILEX (OLEX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: OFW who wrote (2470)1/13/1998 11:42:00 AM
From: Richard L. Williams   of 4276
 
Oilex paid 45% of the face value of the debenture in order to obtain cash for the other 55%.

Yup, Reg. S is a very expensive way to get money. This is the third stock I have been involved with that went the Reg. S route to get money, the other two being AURA and TTRIF. I was unhappy then when I found out about the Reg. S', but at least those two companies didn't treat me to a reverse split so they could allow their creditors to rob the stockholders a bit more.

And yet we are left wondering....where is the oil?

Rick
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News