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Microcap & Penny Stocks : OILEX (OLEX)

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To: CHRISTINE who wrote (3661)	7/2/1998 5:21:00 PM
From: CHRISTINE	Read Replies (1) of 4276

Schedule 13D This Schedule discloses beneficial ownership of certain registered equity securities. Any person or group of persons who acquire a beneficial ownership of more than 5% of a class of registered equity securities of certain issuers must file a Schedule 13D reporting such acquisition together with certain other information within ten days after such acquisition. Moreover, any material changes in the facts set forth in the Schedule generally precipitates a duty to promptly file an amendment on Schedule 13D. The Commission's rules define the term "beneficial owner" to be any person who directly or indirectly shares voting power or investment power (the power to sell the security). Interpretive Responsibility: Division of Corporation Finance - Office of Tender Offers Christine

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