More from AOL, Califtalk on the move.
Subject: The right To KNOW-13D
Date: Sun, Jul 5, 1998 02:50 EDT
From: CALIFTALK
Message-id: <1998070506504900.CAA05282@ladder01.news.aol.com>
Schedule 13D
Cusip Number 678037 10 2
Initial Filing by the Reporting Person
Name of Issuer Oilex, Inc
Name of Reporting Person Saul N. Yarmak
Reporting person is not a member of a group
Source of Funds: Private Funds from sale of a Private Company
Citizen of United States of America
Number of shares beneficially owned by reporting person:
Sole voting power: 2,320,000
Sole dispositive power:2,320,000
Aggregate amount beneficially owned by reporting person:2,320,000
Percentage of class represented by amount beneficially owned: 24.77%
Yarmak's Business Address is 4616 West Sahara, Unit 317,Las Vegas
Nevada 89104
Yarmak's occupation is investor
Yarmak is a resident of the state of Nevada, and a citizen of the United States
of America
The reporting person paid an average of 16 cents per share for 2.320,000
shares of Common Stock acquired from May 8.1998 to July 2,1998
The reporting person has purchased the Common Stock of the Company
for investment purposes.
The reporting Person may make additional purchases of Common Stock
in open-market or privately negotiated purchases.
The Reporting Person will be elected to fill an existing vacancy on the
Board of Directors.
All common stock beneficially owned by the Reporting Person is subject to his sole power to vote and dispose of the Common Stock.
During the 60 days prior to the filing the Reporting Person effected a series of
open market transactions in the common stock, the purchase of 2,320,000
shares of Common Stock from May 8,1998 through July 2,1998 for an average
price of $0.16 per share.
Personal funds, mostly from the sale of a privately held company, were used to
facilitate the open market transactions. The sale of the Reporting Persons'
privately held company closed on June 25,1998 at which time the Reporting
Person purchased the vast majority of his shares.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Signed July 3,1998 by Saul N Yarmak
Christine |
