<<<<The debentures were a last resort to raise operating capital. It has harmed the company's shareholders~~~~(yada yada yada....etc)>>>>
Yes steve i would have to agree with you on this one, they have harmed the company's shareholders.
The split adjusted price of my stock is $8.28. The price is now ›.17 for a loss of about 98%. That sounds
bad doesn't it, but what I think puts it into better perspective is that I now need a gain of about 4800% to get back even.
<<<<Production is now hovering at a peak of about 400 barrels a day and the average in the last week has risen to over 300 barrels a day.>>>>
Where can i get this kind of information at. Just a day or so ago you were saying 250 barrels a day so you have gotten some new information somewhere and if you could share you source I would appreciate it.
<<<<Oilex will have in excess of $1 million in gross revenues in 1998 and with an average of 70% royalty interest and a profit margin of around 40% net income will be in the $300,000 range.>>>>
Like i said, where can I look to find information like this?
$300,000.øø would be a little under ›.04 if the the last dilution from 2,000,000 to 8,000,000 (correct me if i'm wrong about this but didn't I read here that the shares went from 2 to 8mm in february after the 20-1 reverse split had reduced them to 2mm) hasn't gotten any worse. Do you have any information about this? If we earn ›.04 a share for the year I think our p-e will be about 1 by the end of the year, what do you think? |
