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Microcap & Penny Stocks : OILEX (OLEX)

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To: Ditchdigger who wrote (2722)2/9/1998 7:44:00 PM
From: OFW  Read Replies (3) of 4276
 
THE LATEST SUMMARY OF ALL RECENT OILEX DEBENTURES

Here's an effort to summarize the SEC debenture filings so far:

SEC Filing 11/21/97
Debenture Issued 7/24/97
Face Amount $1,375,000
Discount off Face 20%
Conversion Ratio 80%
Fees to Underwriter None Disclosed

SEC Filing 1/13/98
Debenture Issued 1/6/98
Face Amount $625,000
Discount Off Face 20%
Conversion Ratio 80%
Fees to Underwriter 10% plus 2% unaccountable expense allowance

SEC Filing 1/13/98 (Amended - Unknown if New or Amending Previous)
Debenture Issued 12/23/97
Face Amount $175,000
Discount off Face None Disclosed
Conversion Ratio 65%
Fees to Underwriter 10%

SEC Filing 1/13/98
Debenture Issued 12/23/97
Face Amount $1,375,000
Discount Off Face None Disclosed
Conversion Ratio 65%
Fees to Underwriter 10%

SEC Filing 1/14/98
Debenture Issued 10/22/97
Face Amount $1,250,000
Discount Off Face 20%
Conversion Ratio 80%
Fees to Underwriter 10% plus 2% unaccountable expense allowance

SEC Filing 1/29/98
Debenture Issued 12/5/97
Face Amount $187,500
Discount Off Face 20%
Conversion Ratio 80%
Fees to Underwriter 10% plus 2% unaccountable expense allowance

SEC Filing 2/9/98
Debenture Issued 1/28/98
Face Amount $625,000
Discoount Off Face 20%
Conversion Ratio 80%
Fees to Underwriter 10% plus 2% unaccountable expense allowance

Offie
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