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Microcap & Penny Stocks : OILEX (OLEX)
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To: edward shapiro who wrote (2424)1/12/1998 11:34:00 AM
From: Prudent Investor  Read Replies (2) of 4276
 
Edward (not of the O.J. fame or the firm representing Oilex),

I, like you, doubt very seriously that Oilex will attract any "institutional investors or investment banking houses". However, I CAN see them attracting some "foreign investors". That is, "foreign investors" like the one to whom the "Management of Oilex" "sold" the most recent convertible debenture. In my reading of that transaction, the "holder" made at least $550,000 in 45 or so days with no risk. I believe that Oilex can attract a lot of investors with that kind of deal.

Regards,

Prude
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