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Microcap & Penny Stocks : OILEX (OLEX)
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To: CHRISTINE who wrote (4110)10/19/1998 9:54:00 AM
From: CHRISTINE   of 4276
 
Subject: Re: olex, Caye Chapel
Date: Sun, Oct 18, 1998 08:54 EDT from AOL
From: WSmaven

What ever happened to the commitment of Caye Chapel to advance $2 million dollars
to Oilex when the money is requested by Oilex. This commitment was announced at the beginning of 1998 and the first two installments were announced as funded; $150,000 in January and $100,000 in February. The advances were to be converted to shares of Oilex
at $2 per share. This was a definite commitment by Caye Chapel and accepted and
agreed to by the management of both companies. This action was never rescinded.
In January and February 1998 the management of both companies was under the
control of Allen Burditt, and this ploy was meant to support the market price of Oilex
while Burditt kept selling shares of Oilex; and to make Caye Chapel appear to be a company loaded with cash to enable Burditt to sell shares of Caye Chapel. Now the new management
of Caye Chapel is obligated to keep the commitment or be held accountable. It is time
for the new management of Oilex to call in this commitment or receive compensation.
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