OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Richard L. Williams who wrote (2750)	2/11/1998 7:41:00 PM
From: OFW	Read Replies (1) of 4276

You may be right, Richard. However, remember the $9.60 price is post-split and the .48 warrant exercise price was pre-split. So the person was merely saying, "The stock price today is .38 and I think it will be above .48 at some point prior to August 31, 2002." Assuming the individual believed the company was bringing in Big Foot production they may have assumed they could dump the shares in a very short period of time at a profit. I wonder if the person receiving the warrants was aware of the debentures to be issued. The summary is that a .48 right for a stock worth .38 on the issue date is now worth around 1.6 cents --- largely due to the debentures. The net effect of all of this may be that the company ends up paying off a consultant knowing that the price was going to decline and they'd never have to pay at all. All just a few thoughts in my humble opinion and would welcome any other viewpoints. Offie

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