Here's an (IM) conversation I had with Califtalk this evening.
Subj: Report on IM
Date: 98-07-17 20:35:04 EDT
From: CALIFTALK
To: RSKEET
CALIFTALK: Christine
Some good posts on AOL to repost on SI
RSKEET: Hi there,Saul
I have read them and will be posting them all
CALIFTALK: Did you see the fast play when the MM's
tried to lower the bid and show a loss on the day
and they never filled any part of my buy at 265 cents
RSKEET: Sure did , didn't work. Picked up some at 38
CALIFTALK: that I had placed GTC to prevent that type of
quick down movement
RSKEET: Looks like things are getting tight and the mm 's are looking for shares
CALIFTALK: I believe the MM's now realize they are in trouble
CALIFTALK: That the shares are staying in place in the pockets of the shareholders
and just wait until the certificates are issued and delivered, then all bets are off
RSKEET: And there 's more trouble on the way. Word will spread that oilex is on the move.
RSKEET: We are all looking forward to your meeting next week. Good luck!
CALIFTALK: I now hold 3,825,000 shares after buying
65,000 shares to day at market,
at prices between 37 cents and 39 cents
RSKEET: What do you foresee for the week ahead?
When can we expect the next press release?
RSKEET: How long before the swabbers are put in place?
RSKEET: Are the royalties from Austrailia still coming in?
CALIFTALK: The meeting next week is vital to the new direction
of Oilex. I hope that the talents and experiences
of the existing management team will participate
with me in setting goals and programs to make
Oilex prosper and most important become positive
cash flow as our number one priority, and explain
what the company received from the cash raised
by the debentures. It still is not clear to me so
it certainly must be of concern to the shareholders.
CALIFTALK: The royalties from Australia are now past due
and that has to be identified to be certain that we
have all the agreements studied and the terms
are followed.
RSKEET: Will Allan Burditt be present, and where do you see his involvement in the company?
CALIFTALK: I will visit the factory of ORS and concern myself
with the swabber question as the key to oil
production is swabbers in the field working.
Especially to determine why two units have been in for maintance for an extended period.
CALIFTALK: Yes the company consultant, Allan Burditt,
has been invited to give his report, and participate
with his opinions
RSKEET: Does Oilex still have first choice of new swabbing units
?
I do not know the status of first choice at this time.
CALIFTALK: Now we have a good report from our IM
to share on AOL and Si.
RSKEET: As always thanks for taking the time to share your thoughts to a fellow shareholder. |
