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

To: Prudent Investor who wrote (2519)	1/14/1998 11:01:00 AM
From: SammyW	Read Replies (1) \| Respond to of 4276

I am totally confused! Since you have a really good handle on all these filings and the effects of same, can you summarize for us how many filings they have made and the effect on shareholders now? I assume "management" is laughing all the way to their foreign bank accounts by now. And, I wonder why Omar is being so quiet. Any guesses? Thanks.

To: Prudent Investor who wrote (2519)	1/14/1998 11:05:00 AM
From: OFW	Respond to of 4276

Here's an effort to summarize the SEC filings so far: SEC Filing 11/21/97 Debenture Issued 7/24/97 Face Amount $1,375,000 Discount off Face 20% Conversion Ratio 80% Fees to Underwriter None Disclosed SEC Filing 1/13/98 Debenture Issued 1/6/98 Face Amount $625,000 Discount Off Face 20% Conversion Ratio 80% Fees to Underwriter 10% plus 2% unaccountable expense allowance SEC Filing 1/13/98 (Amended - Unknown if New or Amending Previous) Debenture Issued 12/23/97 Face Amount $175,000 Discount off Face None Disclosed Conversion Ratio 65% Fees to Underwriter 10% SEC Filing 1/13/98 Debenture Issued 12/23/97 Face Amount $1,375,000 Discount Off Face None Disclosed Conversion Ratio 65% Fees to Underwriter 10% SEC Filing 1/14/98 Debenture Issued 10/22/97 Face Amount $1,250,000 Discount Off Face 20% Conversion Ratio 80% Fees to Underwriter 10% plus 2% unaccountable expense allowance Offie