Hi Steven, This is his latest post on AOL. Now that he is on the Board of Directors I assume he is subject to insider trading rules. But I am sure he will try to give us as much information as possible. For he knows very well that the lack of information can cause shareholders to loose faith in the Company. I think we will be seeing many more press releases on what Oilex will be doing to improve all aspects of the company.
One press release I will be looking forward to would be the handling of the last debenture and keeping those shares out of the market, and also a much improved and higher oil production. It would also be nice to see a press release regarding the calling of certs. I have always been an optimist as I am sure everyone can tell, but some of my hard earned money is invested in this Company. So it only makes sense that I want Oilex to succeed and with Mr. Yarmak on Board I think this will happen. It is apparent that he is keeping a very close eye on the stock price.
Christine
Subject: Who is Buying?
Date: Thu, Jul 16, 1998 14:11 EDT
From: CALIFTALK
Message-id:
On Wednesday I purchased 20,000 shares at market - confirmed at 30 cents
and today on Thursday I entered a buy order for 23,000 shares at market
which was confirmed as follows: 5,000 @ 35 cents
8,000 @ 355 cents
10,000 @ 37 cents
The market makers now quote Bid 35 cents Offered 39 cents last sale 39 cents
with a reported volume of 214,000 shares traded as of 14:10 EST
I now hold 3,750,000 shares purchased at prices as low as 13 cents
and as high as 37 cents. Estimated average price is 275 cents.
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