OFFIE RECEIVES LETTER FROM OILEX ATTORNEY
January 5, 1998
Law Offices
Christensen, Miller, Fink, Jacobs, Glazer, Weil & Shapiro, LLP
2121 Avenue of the Stars
Eighteenth Foor
Los Angeles, California 90067-5010
(310) 553-3000
FAX (310) 556-2920
Direct Dial Number (310) 282-6266
Email: ssilbert@chrismill.com
Stephen P. Norris
P.O. Box 35,000
Florence, Oregon 97439
Re: Oilex, Inc.
Dear Mr. Norris:
We serve as litigation counsel for Oilex, Inc. ("Oilex"). We write in response to your recent posts on the Internet which target both the management of Oilex and Mr. Allan Burditt, who happens to be a shareholder of and consultant to Oilex, and not an employee, officer or director.
Frankly, we are a little confused as to your zeal for the "truth" when, according to your post number 2080, dated December 19, 1997, you own only one share of Oilex stock, which is currently worth less than one dollar. Perhaps you are merely a "tool" in someone else's scheme to damage Mr. Burditt?
Assuming, however, that as a minority shareholder you do have the company's best interests at heart and you do have legitimate concerns, we request that, in the future, you correspond with the company directly so that the board of directors can address each of your concerns in a more appropriate forum. Clearly you understand that the company must safeguard against the premature disclosure of dubious information which may affect the price of the stock, either negatively or postively. In all such correspondence, please provide the board of directors with a list of the problems that you perceive, including specific references to supporting documentation, so that it can analyze your claims and promptly respond to each of your concerns.
You must realize that haranguing the company on the Internet only inures to the detriment of all Oilex stockholders. As such, we demand that you immediately cease and desist your attacks on Oilex over the Internet. If it becomes apparent that your recent attacks are motivated by something other than a genuine concern for the welfare of the company, however, please be advised that we will recommend legal action to Oilex to prevent this continued interference with its business activities.
We write subject to and without waiver of Oilex's rights and remedies, all of which we expressly reserve.
Very truly yours,
/s/
Stephen D. Silbert |
