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

To: edward shapiro who wrote (2664)	1/28/1998 2:25:00 AM
From: John Rowe	Respond to of 4276

Ed, I don't know how most reverse splits work, but in this case it appears that the value of my holdings has been reversed, and someone has split with the money. All kidding aside, we "normal" investors can't short a non-marginable stock to begin with, only market makers can, and normal rules of commerce don't seen to apply to them, reminds me of "bizarro world" in the old Superman comics. But, assuming you could short this stock, cover would be with post-split shares, in this case 1 sh OLEXD to cover each 20 OLEX sh short. As to company announcement, I hate to pick on format, I guess we have to either: 1. Bail out and take big loss, or 2. Hope they are on the level, and production numbers will be forthcoming. I opt for #2. Hope they can do something! Best wishes, John R.