Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: baron-marney who wrote (2060)	12/18/1997 1:14:00 PM
From: FARRIS	Respond to of 4276

Where did you learn about public realtions and/or investor relations? Can the President get away with only commenting on current activities and the government's development? How about EXXON? You may be private, but you are publicly owned, though it appears perhaps the public that owns you is a little closer to home than we might know (for fact). I hope that personal agenda buries your ass. How are you liking those 250,000 shares right about now? Or are you waiting for the true bottom? When a stock trades over 6 million on a day when an oil company puts out news that it is pumping new oil, and still looses value --- there is something very wrong. Blaming anyone but the company is stupid. OLEX controls more of its stock, directly or indirectly, than everyone else put together. The stock is falling again today on fairly high volume.

To: baron-marney who wrote (2060)	12/18/1997 1:51:00 PM
From: OFW	Respond to of 4276

Thought you might have interest in this MSNBC news story. msnbc.com Offie

To: baron-marney who wrote (2060)	12/18/1997 2:18:00 PM
From: OFW	Read Replies (1) \| Respond to of 4276

A question regarding the "current activities" of Oilex: What is the "current activity" of Oilex as it relates to any and all wells in which Oilex has an interest in Jefferson County, Texas? This should include the "Wilson" properties for which Oilex distributed nearly 8.7 million shares of Oilex common stock to Allen Burditt's Phoenix Reserves. Offie

To: baron-marney who wrote (2060)	12/18/1997 3:13:00 PM
From: baron-marney	Read Replies (1) \| Respond to of 4276

Correction. RESPOND not resopnd. "Typos happen!" Thanks The Baron

To: baron-marney who wrote (2060)	12/18/1997 3:58:00 PM
From: Scott H. Davis	Read Replies (1) \| Respond to of 4276

Baron or Omar, please consider the request I have made before, outlined in post #1826. This is not pander or personal agenda. When I evaluate more established companies, in addition to growth potential and financial position, I also look at ratios that indicate how a company manages it's resources - things like return on equity & assets, profit margin. How fast revenues are rising in comparison tohow fast expenses are rising, etc. Legitimate Due Diligence questions. My decision to sell before was difficult since there were several disturbing issues coming up while the Big Foot operation was looking more and more promissing (info from OLEX releases, Larry S's posts, and info from OMAR (E-mail & phone). I paid a serious commission in a relative sence to exit. You may have noticed, I posted earlier today inquiring from others how to buy penny stocks inexpensively. I looks like finally the promised production is about to come. But until I can get an answer to a question that was designed to give a feel for: how well management stewards resourses, the wisdom of management decisions, and wether or not there is some consideration for shareholder value, I can't re-enter no matter how low the price is. I wish I could check the above balance sheet rations, plus things like price/sales, price/cash flow, but that can't happen with a development stage company, so all I can do is ask questions like this, and if the answer is viable for me, wait for the oil to manifest itself in terms of revenue from operations on a statement. You mention current issues. Mr Timmins name has appeared in several recent statements. Since he was in a senior position when several of the transactions were made, it is a current issue because the management is current, and my conjecture is that good decisions will follow a trend of good decisions, bad will follow bad. I beleive this is a rational and reasonable request. For your convenience, I am cutting and pasting the question from my old post. I recently requested that you answer the post, but since I re-read it, I saw that the line of inquiry I refered to above was from the middle of a post, so here is the relevent postion. My appologies if I was unclear when I re-requested an answer. If you are not going to answer, could you please extend the curtesy of saying so & possibly why. Sincerely, Scott H. Davis. (paste follows) If shares are issued for reasons that add real value to a company can be a good business decision. Those issued for paper assets, of for excessive compensation packages are material share dilution and a source of great shareholder dissatisfaction and loss of investment dollars (see the INCE thread from Feb 97 to June, or QDRX for example, where major issuance of paper preceeded a major share price collapse, and in both cases, somehow the Reg S or healily discounted onvertables hit the market just as the company issued encouraging but vague releases, and company IR spoke glowingly about the good news just around the corner) So on the subject of increasing shares, could you please address the issue of value? It would be great if you could recap major issuences of OLEX stock, showing what material value they have added to shareholders? That would address the issue at the heart of the # of shares. PLAT has issued shares to but other software companies, and as a result has put together a growing integrated suite of software products for example. A company issues shares that add 10% to the # of shares, but the company add 25% more useable assets has done it's shareholders a favor. Pretty simple equasion. So recound the shares and the value they added (such as payments from a lease deal), and we can make an asessment of the benefit of the additional shares. NOTE: I am NOT accusing OLEX management of either excesive compensation or untoward issuences. What I'm refering to are paterns that many of us are painfully aware of, usually via the school of hard knocks. (end of paste from #1826)

To: baron-marney who wrote (2060)	12/18/1997 11:23:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

We have decided that our posts will be of an informative basis and will deal with current activities and management's development of this junior oil company. WE WILL NOT RESOPND OR PANDER TO WHAT WE BELIEVE TO BE PERSONAL AGENDAS AND EGOS. OK, Baron--- I am a stockholder. My only agenda at this point is to figure what the heck is going on with my investment in Oilex, and my ego is not involved here. The sinking feeling I get when I watch the value of my Oilex holding decline day by day by 5%, 9% or 23% a day is matched by my frustration in watching you stonewall every legitimate question about the operations/compensation plans of Oilex, which we own a part of. First, to what do you ascribe the meteoric fall of this stock, despite the wonderful news coming out of Bigfoot and Australia? The way it is shaping up to me is ugly, I don't even want to put my fears in writing here. You are a PR firm...certainly you can understand how the lack of information is even more fearful than bad news. The human imagination can form the darkest ideas in the void of ignorance. I am not too interested in every issue that has been raised here. But I would like to know if Oilex knows the reason behind the fall of its stock, and if it does, would it be willing to share that information with us. I'd say Oilex needs to put some oil out to still the waters. Thank you, Richard Williams