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Microcap & Penny Stocks : OILEX (OLEX)

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To: Ditchdigger who wrote (2722)2/19/1998 2:06:00 PM
From: OFW  Read Replies (1) of 4276
 
Ditchdigger: Shouldn't this batch of debentures be hitting the market anytime now? Not sure of exactly how the 45 days is converted but should be around February 20th or so.

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

Offie
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