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Microcap & Penny Stocks : OILEX (OLEX)

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To: Omar who wrote (2256)1/5/1998 4:28:00 PM
From: Prudent Investor  Read Replies (1) of 4276
 
I have a few relevant questions for the "Management of Oilex" concerning the convertible debenture.

1. Did Oilex receive $1,100,000 in cash from the sale of the convertible debenture? If so, when were the funds received and in what increments?

2. Have any of the debentures been converted to shares of common stock? If so, when and at what conversion rate (price)?

3. If the answers to the above two questions are positive, were the funds received prior to the conversion of the debentures to common stock?

4. Have any of the shares of stock obtained by the conversion of the debentures been sold? If so, when and at what price?

5. If the answers to the above four questions are positive, were the funds received prior to the sale of the shares obtained by the conversion of the debentures?

6. What is the name, address and telephone number of the purchaser/holder of the convertible debenture?

I am certain that you will agree that this information is relevant to the interests of all of the shareholders of Oilex.
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