Vance,
I don't know if someone answered this already but "putting out more" was from debentures. I think the buy back was announced after the deal with the debentures. Did they have enough cash by then to buy back? So far it's all speculation. What I think is that the company INTENDS too (when they have money) but doesn't mean they did (even if they do). A news release normally follows to announce how many shares was bought so far, and if they pan to continue. This would've been good news. And trust me, they will announce (the good news) when it happens. Therefore, I don't think they did buy back and if they did, a very small amount - an amount that is not worth to mention. Just my take, as always. What's yours, Omar? I hope you (Omar) can give us all a clue. Thanks in advance? I hope so. Marty
---------------------------- oilex.com --------------------------------
Just an update for all our Investors,
Since the weather has finally cleared up in Central Texas where the Big Foot field is located , Oilex will now proceed with the fracturing of infield well # 3. It will take approx. 2 days for that process to be completed after which we plan to move on to infield well # 4 so that it can also be fractured. We will keep all of our investors updated on the progress at the Big Foot field. Copyright c 1997-1998 OILEX., Inc
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Thanks Omar for the correction. Marty |
