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Microcap & Penny Stocks : OILEX (OLEX)
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To: Ajay who wrote (2928)3/9/1998 12:29:00 PM
From: Larry Sallee  Read Replies (3) of 4276
 
Hey Ajay and Steve- I stopped posting when it was apparent no one wanted to look at the development of assets. Olex gets an offer for the royalty property of 2.2 million cash and barely a yawn on this string??? No interest in what might help get the cash to develop the other fields. When the West Virginia property was reclaimed , not a ripple here. No interest in assets at all. I keep calling to find out how many shares and nothing has changed from the 3,779,639. All I see is the Management blasted- the same Management that bought the Australian royalty properties at what can only now, with this offer, be considered a huge bargain. I think the company has already received $250,000 in royalties and more are due and the offer of 2.2 million- now in all fairness how do you overlook this with a yawn. Olex drills 4 wells at Big Foot proves new oil reserves... oh well-holding IMHO only Larry
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