<What a foolish person you are. I post about what great potential Oilex has and what it has accomplished over the past 2 years and you find nothing of importance.>
Steve, we do our best to remain polite and civil on this thread, even though we all have had our nerves tested to the limits over the past year or two. I have exchanged conflicting viewpoints with Larry Sallee for an extended period of time now and I still consider his input on this thread to be of extreme value --- and I respect him for his viewpoints. No person on this thread is foolish, we merely have differing perspectives.
Regarding your statement that Ed finds nothing of importance in your production information. I too, find nothing of significant value in those numbers. Instead, I find importance in things such as 10,919,220 shares of stock (or was it 8,685,378?) which the company issued to an insider (Allen L. Burditt's Phoenix Reserves). You would think when the company gives up such a huge percentage of its equity that investors would have a right to inquire about what value the company received for those shares.
Oilex appears to believe otherwise. They believe they have no responsibility to account for 10,919,220 shares of stock.
Oilex appears not to believe that they had a responsibility to publicly disclose to the SEC and their investors about a laundry list of pending lawsuits and judgements in which the company has been involved. Not to mention the unbelievable laundry list of lawsuits and judgements in which insiders have been involved over the past several years.
Oilex appears not to believe that they had a responsibility to publicly disclose to the SEC and their investors about prior felony criminal convictions of company insiders for Oilex as well as other companies with which it has had security related transactions.
Oilex appears not to believe that employing as a "consultant" and conducting insider related-party transactions with an individual who was still on probation for a securities related conviction when he was involved with the company is a matter of material interest to shareholders. (If that were his only brush with securities related agencies one might look the other way --- but that would not be the case here.)
They believe they have no responsibility to deal with the laundry list of detailed and specific questions which have been presented to it over the past few months on this thread.
You, and others, have repeatedly said we should take our questions to the source. We've all tried that, Steve. This company flatly refuses to respond to any negative concerns from investors. INSTEAD THE COMPANY HAS LEGAL COUNSEL SEND "CEASE AND DESIST" LETTERS TO THEIR SHAREHOLDERS IN AN EFFORT TO SHUT THE PUBLIC RELEASE OF INFORMATION THEY CONSIDER HARMFUL TO THE COMPANY. What they don't understand is that the only real harm being done to the company is the perception that the company hides material negative information from their investors.
(I'm sure many will remember the famed Geronimo deal --- company forgot to tell us that they had "unwound" the agreement until we begun posting it as a grave concern here on SI.)
(I'm sure many will remember the famed Funscape/Oilex merger deal which stunned everyone and then collapsed. The Caye Chapel/Oilex merger deal which appears to be coming looks very, very similiar.)
(I'm sure many will remember the questions concerning the acquisition of 40% of Titan Energy by Oilex. Was it a real acquisition or was it only an option? The company only clarified it after being questioned on the issued here on SI. And even after saying it was only an option, Oilex and Titan still provided to investors information saying it was an outright acquisition.)
There's a lot of history on this thread. I strongly suggest investors take the time to read prior posts on this thread.
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