OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: John Boluyt who wrote (892)	3/20/1997 12:43:00 AM
From: straight life	of 4276

Their IR guy, Goolsby, said that's one path they might take to get on NASDAQ; the others being, I guess, for them to buy a listed shell co. & the other to just have their share price to somehow levitate to $3. I remember all the hullabaloo over SCMS possibly doing a reverse split: they didn't; the stock tanked anyhow. So, if it'll help the co. get access to funds and allow mutual funds & other large-money entities (who're constrained by rules against buying penny stocks) to buy the stock, bringing added liquidity & allowing the story to get out... hey, why not? After all, this isn't some high tech concept co., we're supposedly in the midst of explosive earnings growth; it might be a good thing to make the co. more visible. And look at Amerac; an oil co.that did a reverse split to get listed; they're doing fine.

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