Hello all,
I stayed in for lunch today and watched the program on KWHY-22 here in Los Angeles. As stated before, it was a paid spot, but nonetheless it provides us with more information as to what is going on. Here's a synopsis of what I heard. The guest was CAYC CEO Ken Liebscher (spelling?). He discussed CAYC's acquisition of Churchill and Great Plains, and explained that with the current oil market on the downside they are looking for more acquisitions. They currently own 9% of Titan (200,000) for investment purposes. Theses shares have appreciated more than 60% in the past month. They are focusing on Australia and in his opinion it could be the next major oil find, even rivaling the Middle East. The geologists are out there now doing their thing. This is where OLEX comes in. They spent about 1/3 of the show discussing OLEX. In his opinion, OLEX is a very good company that is very undervalued. With over $14 million in assets, its a good deal at $.40, especially considering that if sold piecemeal it would get at least $3.50 per share. They acquired a minority interest in OLEX when they acquired Churchill, and they are currently expanding their acquisition on the open market with the intent to consolidate/merge in the future. Personally (my opinion), from what I gather I think they'll buy up until the 5% mark and then just sit and wait for OLEX's audited financials to come out (some time in the next 1-4 weeks). The contact number for CAYC is 1(888)225-6637.
Good Luck |
