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

To: Prudent Investor who wrote (2403)	1/9/1998 6:21:00 PM
From: FARRIS	Read Replies (1) \| Respond to of 4276

It willl be interesting to keep track of the shares post split. I bet within a week we see a huge increase. I would bet Frank his old Chevy for my new Audi, but delivery could be a problem and I think he is pretty attached to that ride.

To: Prudent Investor who wrote (2403)	1/9/1998 6:23:00 PM
From: Ditchdigger	Respond to of 4276

PI,Interesting,they still had 5.5m to go,planning another placement or option converting?..DD (latter-dinnertime)

To: Prudent Investor who wrote (2403)	1/27/1998 4:16:00 PM
From: OFW	Read Replies (3) \| Respond to of 4276

New outstanding share figure for Oilex received moments ago. Per Transfer Agent for Oilex the total number of outstanding shares as of this morning is 49,485,030. This number represents an increase of 5,000,000 shares over the number received from the Transfer Agent on January 9, 1998. (50,000,000 was the authorized figure---so they have basically reached the ceiling.) To my knowledge there has been no public statement or filing by the company regarding the additional 5,000,000 shares. Please note that these numbers do not reflect the recent 20:1 reverse split. The Transfer Agent informed me that she received the company press release yesterday morning and has informed the company that she needs additional documentation before she can implement the split on her records. Offie PS Assuming the above 49,485,030 figure to be current, the post split number of shares outstanding would currently be at 2,474,251.