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Microcap & Penny Stocks : OILEX (OLEX)
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To: Richard L. Williams who wrote (2651)1/27/1998 2:51:00 PM
From: OFW  Read Replies (2) of 4276
 
It's hard to re-orient yourself when watching this stock after the reverse split. We have to remember now that the volume is really 20 times higher than it appears. So, if a 5,000 share block sells at .60 --- that trade is really equivalent to a 100,000 share block being sold at .03.

Anybody talked with the company lately?

Offie

BTW I got my copy of the January 23, 1998 Letter to Shareholders in the mail as I assume all of you did as well. I noted, with interest, that the company can't even sign an individual's name on a letter to their shareholders. The closure to the letter (same text as was posted previously) merely reads:

Sincerely,

BOARD OF DIRECTORS AND
MANAGEMENT OF OILEX, INC.

I've gotten my share of "Letters to Shareholders" from various companies. I have NEVER seen one before which didn't include the name of the officer or director responsible for the letter and that person's signature. Very interesting!
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