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: John Rowe who wrote (2997)	3/21/1998 6:22:00 PM
From: Richard L. Williams	Read Replies (1) of 4276

John-- I can't begin to guess who it was that did all the buying on Friday...perhaps we have a small short squeeze coming off? If there really are only 3.7 million shares out there, the float can't be much more than 1.8 million, my guess...does this mean the entire float changed hands yesterday? That seems unlikely, but then, what is the current float, anybody? I agree with Steve's opinion that Caye Chapel would not be fooling around with Oilex if they didn't see something that interested them. And if Oilex really has assets worth $14mm, aren't we worth at least $4/share? Even if Caye Chapel pays half that, I would be happy, as would anybody who buys at these levels. Looking forward to Monday's action...still considering throwing good money after bad, but that's tough to do with this stock. Cheers! Rick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next