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

To: Ditchdigger who wrote (2722)	2/9/1998 7:44:00 PM
From: OFW	Read Replies (3) \| Respond to of 4276

THE LATEST 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 SEC Filing 2/9/98 Debenture Issued 1/28/98 Face Amount $625,000 Discoount Off Face 20% Conversion Ratio 80% Fees to Underwriter 10% plus 2% unaccountable expense allowance Offie