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Microcap & Penny Stocks : OILEX (OLEX)
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To: zonkie who wrote (3405)6/8/1998 4:53:00 PM
From: Steve  Read Replies (1) of 4276
 
Phil, Your original investment has declined to near zero. But you did not average down. Enough said on that issue.

I think you are correct on the forward looking P/E. I think Oilex in 1999 could double revenue and be looking at about $3.20 a share. I think Caye will be valuing Oilex at that number when the consolidation is completed.
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