Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brezlin who wrote (2672)	1/29/1998 10:50:00 AM
From: OFW	Respond to of 4276

OILEX FILES YET ANOTHER DEBENTURE WITH SEC Oilex filed this morning yet another 8-K document to the SEC reporting yet another debenture. This debenture was initiated on December 5, 1997 in the amount of $187,500 being sold at 80% of the face value. Conversion is again at 80% anytime after 45 days and before one year from date of closing. Commission paid of 10% plus a 2% unaccountable expense allowance. The filing reports that the entire $187,500 had been committed as of December 5, 1997. freeedgar.com Offie

To: Brezlin who wrote (2672)	1/29/1998 10:59:00 AM
From: OFW	Read Replies (2) \| Respond to of 4276

SUMMARY OF ALL RECENT OILEX DEBENTURES Here's an effort to summarize the SEC debenture 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 SEC Filing 1/29/98 Debenture Issued 12/5/97 Face Amount $187,500 Discount Off Face 20% Conversion Ratio 80% Fees to Underwriter 10% plus 2% unaccountable expense allowance Offie