OILEX (OLEX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : OILEX (OLEX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Frye who wrote (794)	1/31/1997 4:16:00 PM
From: Eric Maggard	of 4276

Hi Richard, Thanks for the posts this morning. The interview pr states that the current level is 300 barrels. This is up from 200 a month ago. The thing that I like is that shareholders of the company are going to be investing more money, and that the shares will be restricted for two years. I would guess that they probably would not try for a 50% discount in the current price, but they might. Another thing with the interview is that Tom talked about wanting to get Reuters to do an article on OLEX, so this might be the first step. Hope so. Another note is that with the 6.5 million tax loss carryforward they could get .25/share earnings without paying taxes. The rest of the interview we already knew. The second pr that talks about the financial agreement is great, IMO. With National covering OLEX, it would give resources for financial and future acquisitions that we didn't have before. Also, I think that it would give us more exposure to the investment community and a different respect than a micro cap normally would. I am looking forward to the increased production and the increased investor awareness. Eric

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next