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Microcap & Penny Stocks : OILEX (OLEX)

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To: SammyW who wrote (1379)9/3/1997 11:34:00 AM
From: Prudent Investor   of 4276
 
Sammy, I couldn't agree with you more! I still have a real problem with any company that apparently refuses to accept certified/registered mail. As far as the comment posted that "Uncle Sam" does not accept certified mail, I have a file full of certified return receipts from the IRS for payments I sent them. I have sent certified mail to many other organizations and every one has been accepted. Incidentally, someone else has contacted me and said they had the same experience. That is, they sent certified mail to Oilex headquarters and it was refused. Supposes one had to return a stock certificate. Should one just put it in an envelope and hope it gets there? I think not. In this case, it appears that we have numerous instances of optimistic publicity claiming great potential earnings increases that never seem to materialize. When I send a letter requesting clarification of information, it is refused. When I send a copy of the letter by fax, it is ignored. Is this any way to treat shareholders? In my opinion, the refusal to respond to my questions speaks all too eloquently about the answers to those questions.
I find something else curious. If Oliver Timmins III is in San Antonio, and Oilex headquarters are in Houston, then who is in charge in Houston? Is there an officer in Houston to oversee the daily operations? Why have your president, attorney, and, apparently, chief operating officer in a separate location from your corporate headquarters?
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