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Microcap & Penny Stocks : OILEX (OLEX)
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To: Richard Frye who wrote (913)4/6/1997 9:39:00 PM
From: Christopher Horner   of 4276
 
With all this value the company has purchased, why is the stock price so low? For example, if the Geronimo deal goes through, if we assign a value of just $5/bbl of reserves net of recovery/transport costs, that'd give olex $2.5B of reserves, which, when divided by 40M shares gives a reserve value of over $60/sh in oil resrves alone. Of course the reserve estimate must be proven, etc...but why does the stock sell at .75?? Any insights would be most appreciated.
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