Steve - Thanks for the TRRC link... it's a good one. I'm still skeptical that I'll actually see increased numbers... we'll see.
I don't know the history between you and Offie, nor do I care enough about this stock to trace it back in order to gain some insight. However, I'd trust Offie with my money-someone I've never met-about a million times more than I'd trust Oilex. This company has been absolutely brutal to its shareholders.
A few facts: $4000 invested a year ago is worth about $75 today (approximate numbers). 4000 shares purchased a year ago represent 200 today. Share dilution has been phenomenal. The company has shown a history of complete disregard for shareholder value. Insider trading has been extremely high. So-called mega-deals, along with PR firms, have come and gone like the wind. Higher production numbers have been promised for ages.
I've read where you've stated to some that it is their fault they lost money because they should have averaged down. Nothing personal, but that's about the most absurd thing I've ever heard. The only reason these people (myself included) lost money is because they bought a complete dog of a stock, not because they failed to average down. Likewise, as we watch, it's still fading. Averaging down would only add more pain to a long and painful ride.
Steve, I wish you the best of luck with this stock. Nevertheless, I'd advise anyone considering investing in this stock to take a long hard look at the posts of the uninformed and petulant Steven Norris aka Offie.
JN |
