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Microcap & Penny Stocks : OILEX (OLEX)
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To: Terry Lyon who wrote (2571)1/16/1998 4:27:00 PM
From: Eric Maggard  Read Replies (1) of 4276
 
Hi Terry,

I hope you didn't loose very much. The thing that got me was the revelation that Allen Burditt plead guilty to stock fraud. The "management of OLEX" along with Allen as "consultant" made the deal for the property that Allen controlled for 8+ million shares. (It was also the same property that he used in the stock fraud case). If he was able to sell them last year and this year, which I think that he could have, he could have got about $3-4 million out of those shares. Now OLEX is not even doing anything with the property. It all looks to me as friends helping each other and messing with the little guys. Now, with all of this dilution and giving more shares to past pr people now come back it doesn't look very good to me. I am wondering about the oil they have and if they truly want to make this company work. I know, I shouldn't be be so negative.

Eric

P.S. Stock back down to the 3's. When is the reverse split?
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