John, thank you for your response, and the best of seasons greetings to the thread.
This Dog is not dead !!!!! (..meaning OLEX). I have no axe to grind with Alan B. or Saul Y. (Califax), only with the way some things were done. We are not of the opinion that the public fighting benefits the shareholders. We're not of the opinion that losing million dollar(s) assets for a few thousand dollars is being responsible to shareholders.
All "Stripper" producers are having a tough time and year end is not the time to sell. We have always veiwed it as a time to pick next years winners that are in the dumpster in Dec. OLEX just might surprise few people.
Point 1:The company still has valuable assets that can be sold to cover the 1.8 million in recorded liabilities and still have something left over for the shareholders. Saul Y. could respond to this as he was last in control.
Point 2:Even if the corporation is liquidated, the stock will still trade, the Trustee will sell it as an asset and the stock will trade with "Q" at the end...Example, Debbie Reynolds Casino, Symbol DEBIQ until a new direction is found for the company. Public corporations don't usually die unless out of stupidity of those in control.
Point 3:WE haven't seen any of the Marketmakers dropping this stock, which is a good sign.
Point 4:Just remember, for every seller it takes a buyer.
Point 5:We think you should remember that the management of a public company can reverse a stock more than once.
SO..... In answer to "...is there any life left in this nag," Our guess is yes and a lot of $$$$ can be made watching this "PUPPY".
"Do we buy today, or watch..." is the buyers choice. We'll sit on the sidelines till the first of the year, the stock is too cheap for us to sell,and we have enough losses for the year..
Thanks again for your response any Happy New Years to ALL
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