Thanks Omar,
I can see that the debentures for the July offering are done. There has been several SEC filings in the last couple of weeks. Are those new ones? They seem to be new ones. From one 8-K filed Jan 13, it states:
On January 6,1998, the Company initiated a placement of 12% Convertible Debentures Due December 31, 1999, with non-U.S. entities, in the amount of $625,000 being sol at 80% of the amount of such debentures.
Another 8-K filed Jan 13 states:
On December 23, 1997, the Compnay initiated a placement of 12% Convertible Debentures Due December 31, 1998, iwth non-U.S. entities, in the amount of $175,000.
Another 8-K filed Jan 13 states:
On December 23,1997, the Company initiated a placement of 12% Convertible Debentures Due December 31, 1998, with non-U.S. entities, in the amount of 1,375,000.
Then from the 8-K on Jan 14:
On October 22, 1997, the Company initiated a placement of 12% Convertible Debentures Due November 30, 1998, with non-U.S. entities, in the amount of $1,250,000 being sold at 80% of the amount of such debentures.
Could you check on these and see if they are done? I could see that the one from Oct is done, but the ones from Dec and Jan look new and like they will be coming on the market in Feb or March. Thanks for your information. Also, how much has OLEX received from all of the offerings and what are the plans for using the money?
I hope the drilling goes well and keep us informed about how it goes.
Eric |
