No monies were siphoned off. That is Saul's invention.
OK, Steve, let's talk this out....Oilex issued eight debentures during late 1997 and early 1998 that destroyed the value of the stock and required a reverse split. In exchange for this disaster for its stockholders, I beleive Oilex received $3.85 million dollars in cash.
A few months later, Oilex has swabbers in the shop for repairs that cannot be paid for, $400,000 in bills that it is being dunned for, employees that haven't been paid in weeks, cannot receive supplies of fuel for its equipment because bills have not been paid, and is basically down the financial crapper. Where did the $3,850,000 go?
Oilex' board of directors and former president have told their stories. What's your story on where the money went, Steve? What spin is Omar giving you on this sordid tale?
And if it is a battle of credibility, Steve, you will lose hands down. Saul Yarmak has more credibility with me than you ever will, no matter how much you bluster and insult me.
Take a hike, loser.
Rick |
