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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Maggard who wrote (2176)	12/26/1997 2:11:00 PM
From: FARRIS	Read Replies (1) \| Respond to of 4276

Gee, That answers many of the questions I have asked. I sure appreciate the read, Eric. Seems like I am more confused now than I was before I read it, but at least this is in black and white. 300 barrels/day? Wonder what the conversion rate ended up being on the $1.5 million? Oilex owns 20% of Oil Retrieval? Burditt seems to control or own at least 13.1 million shares of Oilex, probably a lot more, as of this article. How many does he still own? Timmins owned 3 million -- I wonder how many he now owns. Did they actually pony up the $1.5 million for the preferred or was that switched to the debenture deal? What on earth made Burditt say they would be profitable through out 1997?