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

To: Omar who wrote (2256)	1/5/1998 11:53:00 AM
From: FARRIS	Respond to of 4276

Omar, The transfer agent is the company that sends and receives certificates when OLEX is traded. (That is oversimplified, but should clarify the question Dave asked.) OLEX would have engaged this company (TA) prior to the company going public. 1. I would like to ask you if Oilex has any intention of raising the number of shares authorized in your charter? 2. Have all the debentures been converted at this point? 3. If they have not all been converted, and the total would exceed the 50 million authorized by charter if converted, what would the company's position be? Thanks in advance, Eric

To: Omar who wrote (2256)	1/5/1998 11:58:00 AM
From: Eric Maggard	Respond to of 4276

Thanks for the response Omar. Could you see post exchange2000.com and respond to the outstanding questions? TIA Eric

To: Omar who wrote (2256)	1/5/1998 1:02:00 PM
From: Dave Shares	Read Replies (1) \| Respond to of 4276

Hi Omar, Thanks for the response. Yes, I think Eric Farris clarified the Transfer Agent question in his post which follows yours, we were interested in the transfer agent's name and telephone number. I think that Eric Farris's other questions are really important too. I think that with the stock starting to move, and with hopefully good things to report by the company, clarification on the whole debenture and authorized share issue will be critical for buying to continue. For people like me who have not averaged down from my purchase at higher levels (which I thought would be the floor, oh well), some reassurance that the number of shares will not be increased by the company would make me feel much better about the possibilities that the upswing will continue. Here is wishing you a very happy New Year, and good luck to all OLEX investors. David

To: Omar who wrote (2256)	1/5/1998 4:28:00 PM
From: Prudent Investor	Read Replies (1) \| Respond to of 4276

I have a few relevant questions for the "Management of Oilex" concerning the convertible debenture. 1. Did Oilex receive $1,100,000 in cash from the sale of the convertible debenture? If so, when were the funds received and in what increments? 2. Have any of the debentures been converted to shares of common stock? If so, when and at what conversion rate (price)? 3. If the answers to the above two questions are positive, were the funds received prior to the conversion of the debentures to common stock? 4. Have any of the shares of stock obtained by the conversion of the debentures been sold? If so, when and at what price? 5. If the answers to the above four questions are positive, were the funds received prior to the sale of the shares obtained by the conversion of the debentures? 6. What is the name, address and telephone number of the purchaser/holder of the convertible debenture? I am certain that you will agree that this information is relevant to the interests of all of the shareholders of Oilex.