More from Califtalk.
Subject: Re: What happened?
Date: Sun, Aug 16, 1998 10:20 EDT
From: CALIFTALK
What does one do when in a circle of lies?
CALIFTALK: Check every document-review every transaction
Check back with every party they did business.
.
Research proves that Timmins was involved from the beginning.
Timmins was involved in many forfeited companies such as
Perfection Estates Incorp. started with Burditt and Timmins back in 1988 ?
The Texas Securities Board is asking questions about Perfection Estates
and other forfeited companies in which Timmins is involved. .
Timmins seems to be involved as much as Burditt,
as he is the Incorporator for most of these companies.
Timmins was well paid to be a cover for Burditt
Now Omar Ahmed is the name that appears as a front for Burditt.
He is attracted by the appearance of wealth and wants his share.
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Subject: Re: What happened?
Date: Sun, Aug 16, 1998 10:31 EDT
From: CALIFTALK
Subj: Re: News
From: CALIFTALK
The company must have substantial new cash investment or file chapter 11
within a short period. Payables and lawsuits and demands for money appear
daily. The swabbers require cash to cover repairs before they can go into operation,
and the final debentures have a demand for $700,000.
Some of the debts are not obligations of Oilex, but it appears that
Burditt or Timmins involved Oilex in some manner, without authority, or knowledge
of the Oilex Board of Directors. And recovery of assets that rightfully
belong to Oilex shareholders will be recovered in the chapter 11 process.
Timmins and Burditt found many ways to take advantage of the shareholders.
The company does have substantial assets and once the above problems
are resolved the opportunity is positive and I feel that the future
will be favorable and that the shareholders will be rewarded for there patience.
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Subject: Re: What happened?
Date: Sun, Aug 16, 1998 10:44 EDT
From: CALIFTALK
ubj: Re: News
From: CALIFTALK
Jones and Murphy were well paid to spread the hype.
How much they knew about the false releases, I do not know.
Oliver Timmins has resigned as the pressure became too great and his
attorney is trying to "make a deal" to give back assets in exchange for a release.
I have been able to stop transfer of Phoenix Resources stock certificates, as
Burditt was using a Canada broker to sell the balance of his shares.
Timmins prepared the attorney letter to remove the trading legend that would
allow free trading. But the facts in the letter were not true. The stop transfer
and the subsequent Court Order will freeze trading in the shares held by
Burditt and Timmins and in their alias names.
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Subject: Re: What happened?
Date: Sun, Aug 16, 1998 10:46 EDT
From: CALIFTALK
Subj: Re: Price
From: CALIFTALK
To:
If I knew that the cash from debentures was embezzled and that the management
was cutting themselves into every deal without notification, who in his right mind
would have invested?
Now I have no choice but to save this situation and correct this evil.
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Subject: Re: Where is the MONEY
Date: Sun, Aug 16, 1998 10:54 EDT
From: CALIFTALK
Subj: Re: Why
From: CALIFTALK
Allen does not know what the truth is.
He has taken advantage of you. He was selling when you where
buying Caye Chapel with his "inside information".
He tried the same "trick" the inside information that
the $17,500,000 deal was being signed and that Warren Soloski
could confirm the deal. I ducked and you bit the bait.
The Great Plains never happened and was not a good deal, as it
has now been offered to me for a potential for Oilex, and due diligence
indicates it is a loser. The 200 wells south of San Antonio are nothing
but a plugging liability, and are not in the name of Cayc.
Churchill is a front for Burditt and he received many millions of
shares for putting Churchill into Cayc as a sham.
Cayc NEVER had money to do the $2 million debenture with Oilex,
all false, but effective in touting the stock and making it possible
for Burditt to make money from foolish trusting investors.
End of post. |
