OILEX (OLEX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : OILEX (OLEX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: edward shapiro who wrote (2918)	3/8/1998 5:38:00 PM
From: Steve	Read Replies (2) of 4276

>>1. How do you know that all debentures have been purchased? Did you talk to the company? Yes, Baron-Marney confirmed this. >>How do you account for the increased amount shares outstanding if it was not conversions? This is the 64,000 dollar question, isn't it? Very curious trading pattern the last 10 days, directly coinciding with debenture option conversion windows. Is the volume simply duplicative counting as shares shift among broker-dealers and wind up in the hands of large investors. Something like 5 million shares have traded the last 10 days. We have all assumed that conversion was responsible, I am only offering alternative speculation based upon what I know and what I can infer from the latest press releases. I am not recommending any kind of action. My only purpose here is to try to figure out what is going on. I am a shareholder and I have been in and out Oilex this year. I've lost money and now I'm back in at about 20 cents in the last week based upon my reading of the latest press release.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next