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Microcap & Penny Stocks : OILEX (OLEX)
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To: FARRIS who wrote (1889)12/11/1997 4:57:00 PM
From: Omar  Read Replies (7) of 4276
 
Dear Farris,

On behalf of the share holders of Oilex, In the Last 2 days you Farris, Prudent AKA Russell Smith and Offie AKA Steve Norris, Have proven to management especially with reply # 1889 that it has been and is your intention with malicious forethought to destroy share holder value. Management will be providing your latest reply # 1889 wherein it appears that you have threatened over the internet publically to manipulate the price of Oilex Inc Shares downward to the detriment of all shareholders to the appropriate regulatory agencies.

With all of the internet postings as well as other documents available ,we believe your actions to date have established atleast an attempt of potential manipulation of the share price of Oilex Inc which started months ago when the share price was approx. .80 cents through today when the bid price hit 8 cents.

Management knows of no reason for the drastic decline of the per share trading price of Oilex inc stock other than the continued and unjustified negative assault using the inter net by youself, Prudent and Offie. These unjustified attacks stand in stark contrast with the very positive news of Oilex Inc. The latest being news released at 2:33 pm est today on all the wire services coinciding with your latest attack at 2:51pm est.

Signed,
Mangement of Oilex
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