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Microcap & Penny Stocks : OILEX (OLEX)

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To: Eric Maggard who wrote (2235)1/3/1998 11:53:00 AM
From: Ditchdigger  Read Replies (1) of 4276
 
Eric: from 10SB12G filed 8/13/96
Item 8. Description of Securities
-------------------------

The Company's authorized capital stock consists of
50,000,000 shares of Common Stock (as of July 3, 1996), par value
$.001 per share, of which 19,531,835 are presently issued and
outstanding. Each share of Common Stock is entitled to one vote
on all matters to be voted on by stockholders, including the
election of directors. At each election for directors, every
stockholder entitled to vote at such election shall have the
right to vote, in person or by proxy, the number of shares owned
by them for as many persons as there are directors to be elected
and for whose election they have a right to vote.
DD
PS: this is the first filing shown on edgar,is this when the company came public??
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