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


To: Jim Kay who wrote (2489)1/13/1998 3:08:00 PM
From: G  Read Replies (1) | Respond to of 4276
 
Well I hope some of u took my advice and shorted this dog at 5 cents or higher. Y hasn't the reverse taken effect yet. I thought it was suppose to traded on 1 4 20 basis as of opening on MOnday. I guess the insiders want some time to sell out b4 the stock really gets hammered, once the reverse kicks in.

If the reverse is suppose to bring in instituional investors, margin buyers, and enhance shareholder value y is the stock down 30% in 2 days since the announcement????

Any1 in this industry would have told u guys this would happen!!!