OK,
Here are some "facts" that were stated when I started following OLEX:
Date: May 8 1996 2:51PM EST
Summary of the Company:
1) Valued at over $2 by Auditors
2) Continuing acquisitions
3) About to close on a acquisition in Colorado
4) Currently at $.75
5) With acquisitions could be valued at over $6
6) With audit completed, starting process to become NASDAQ small cap
(edited the spelling from the intro)
So, don't state as a "fact" that the company is worth $3.60. With the reverse split, the company's valuation has decreased from $40 to $3.60 from May '96 to today. It is a fact that the company did produce 19,000 barrels of oil. It is also a fact that the company stated that their goal was to be producing 300 - 1000 barrels/day by Mar 31 and around 2,000 barrels/day by the end of July. It was also a fact that they were going to take over Geronimo, and that they were going to merge with Funscape/Titan. (They still have a link to Titan's page, even though the merger has been called off.) It is a fact that some shareholders have sent questions to OLEX by certified mail and had them rejected. So, don't give me your "facts" and state your "predictions" as facts.
BTW, you didn't respond to me as to where you got the oil production information.
TTYL Steven Hales.
Eric Maggard |
