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

To: baron-marney who wrote (2362)	1/9/1998 4:49:00 PM
From: Prudent Investor	Respond to of 4276

Since the outstanding number of shares is now less than 2.5 million (50 MM/20=2.5MM), does this change the number of AUTHORIZED shares? Is the number of authorized shares now 2.5MM or still 50 million?

To: baron-marney who wrote (2362)	1/9/1998 4:52:00 PM
From: Eric Maggard	Read Replies (1) \| Respond to of 4276

Well, I guess that is another way to get the share count down to be able to convert some more of the Reg-S shares. Simple question: Are there more Reg-S out there that can be converted? I know you can't answer that, but I know "management" should be able to. TIA Eric Edit: PI, I think the authorized stays at 50 Mil. I guess we'll have to see with the new symbol and see what the TA says.

To: baron-marney who wrote (2362)	1/9/1998 4:55:00 PM
From: Yiqun Xie	Read Replies (1) \| Respond to of 4276

Baron-marney: Two questions: 1) What is the authorized share number after the reverse split? 50 million or 2.5 million? 2) With stock price of 0.045 before reverse split, it would be 0.90 after reverse split. How could it be possible to help the Company's transition from the OTC Bulletin Board to NASDAQ Small Cap?

To: baron-marney who wrote (2362)	1/9/1998 4:56:00 PM
From: FARRIS	Respond to of 4276

Well cheerleaders?????????????? Now we are all f#c!ed again. Oh yea, a 20:1 will do it. You have got to be kidding me! If they are going to do a reverse -- do a 100:1 and get the stock up there for real. (That is an optimistic statement that I do not really believe) No vote? I am really surprised. (Way to go Burditt!) So now the question becomes -- what is the authorized share count now? Are they only reversing the issued stock? Now we all know why they did not answer the questions -- because we all would have sold the teeth out of the stock today! OFFIE and PI -- what more do you have because I am ready for more right about now. Eric

To: baron-marney who wrote (2362)	1/9/1998 6:53:00 PM
From: Richard L. Williams	Respond to of 4276

To the Baron: We, the stockholders, have been kicked squarely in the teeth. Did you ever really buy your 275,000 shares? If so, how do you feel right now? A couple of questions: 1) Correct me if I am wrong...to be listed on the NASDAQ, a stock must sustain a $4 share price for a short while, and $1 after that. How the DEVIL does a 20 to 1 stock split get Oilex anywhere near being listed? At .90, we are still $3.10 away. 2) Who are the directors of this company that made this move in such a sneaky, underhanded manner? I can look them up, to be sure, but you are here to give information, right? I want to write to these people and express my ire, as though they would be surprised. I understand that investing in bulletin board stocks is gambling--and the stockholders of Oilex just rolled snake eyes. Sure hope there is news soon...what a way to start a weekend. Rick

To: baron-marney who wrote (2362)	1/9/1998 7:11:00 PM
From: jamess	Respond to of 4276

Oilex, Inc. (NASDAQ BBS- "OLEX") is a publicly traded exploration and production company chartered in Nevada with headquarters in Houston, Texas. the business plan of Oilex includes acquiring, developing and producing low risk oil and gas properties, while maximizing shareholder value oilex management do you all remember the words "maximizing shareholder value"??????????? is there further dilution planned?????? any explanation is long overdue from management, after this one!!!! the stock is "tanc"ed already, dont you have something to say to your shareholders?????

To: baron-marney who wrote (2362)	1/10/1998 10:56:00 AM
From: edward shapiro	Read Replies (2) \| Respond to of 4276

What a great way to start the weekend. I come home to find this lovely little press release. If I also still owned Adaptec, this would have been a day to stick my head in the oven. I think the news speaks for itself. Not much more can be said. In every situation I try to find humor. This one is a little tough, but it is sitting right there in the end of the first paragraph of the news release. "Management believes that the reverse stock split will benefit the Company by attracting institutional investors, investment banking houses and foreign investors." Whoever wrote this press release should has obviously missed their calling in life. They should be out there writing comedy, not stuck in the repetitive cycle of writing financial press releases. Their talent and creativity are obviously going to waste in the repetitive news and earnings reports they usually write. (This statement isn't entirely correct because whoever writes for Oilex never gets to write an earnings announcement. They write about all the reserves they own and buy, but never about earnings.) This release is kind of exceptional however, because I don't think they get to write too many of these. Maybe in a few more years you can issue the same release with a new date on it. Questions to management about the above statement : 1. When trying to attract institutional investors, will these be people who : a. currently reside in institutions? b. formerly resided in institutions? c. still use institutions on an outpatient basis? d. all of the above please tell me, because if too many more things like this happen, I will probably be a candidate for category a. 2. When trying to attract investment banking houses, will you offer them slam dunk convertible debentures at the expense of existing shareholders? You really can't hurt us too much more. 3. When trying to attract foreign investors, will these people be a. from foreign countries? b. from foreign planets, galaxies and solar sytems? c. Americans who only speak a foreign language they have no possibilty to figure out anything that has previously happened here? d. all of the above. 4. What are you going to use to attract these investors? earnings? oil production? what? please tell me? I can't figure it out. Neither can you apparently. Although I would like answers to the above questions, I really am not exprecting any. With your already proven sense of humor, I can't see why you wouldn't answer them. I admitted you were funny. There must be some new material you are holding. More serious, but just as important questions: 1. You used the current shareholders collective money and backs as a steppingstone to glorified NASDAQ listing. Is this listing already approved? What will be the immediate benefit of this listing? What will keep you from getting delisted after you get listed? 2. Are there any announcements about what the future holds for Oilex? 3. Any idea when the oil is getting out of the ground and into the pipeline or swabber? 4. Are there anymore acquisitions planned? 5. Any chance existing shareholders receive some sort of convertible warrant or something with their new shares to help us out if the company ever turns the corner? I think we deserve something for riding the down elevator with you. ed p.s. OFW, hold out for that one share. I think if they took a shareholder vote of OFW's situation, all of us with our collective 1% of the float could swing it your way.