OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Yiqun Xie who wrote (661)	12/23/1996 3:32:00 PM
From: GrnArrow	of 4276

Thanks for that information Yiqun. A couple of the things you reported worry me: 1)"He emphasized the value of the property they own now, and said he does not understand why share dilution would be a concern among the investors." I believe share dilution should always be a concern, especially for penny stocks. Unless new shares are being used to purchase revenue-producing assets and they increase the value of the shares proportionately, dilution is most likely going to be bad for the current shareholders. 2) You said they are producing about 150Bls/day. A month ago, (post 501), we heard 200-250/day. This is not progress. On top of that, the 1000 barrel target for March 31 we heard a couple days ago is now just the top end of a 400-1000 range. Call me a pessimist, but that probably means the 400/day is more likely. I wish I had sold my shares when it spiked. Now I'm afraid it may fall all the way back to where it was a couple weeks ago. I still like OLEX long term, but it would've been nice to be able to buy back in at lower prices. regards, Mike

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