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

To: OFW who wrote (2723)	2/9/1998 8:00:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 4276

Would be interesting to get the TA's numbers after close Fri. It won't take long to double the 2.5m+/- outstanding(post split).Every day the price drops the conversion ratio goes up-starts to multiple like bunnys..DD

To: OFW who wrote (2723)	2/10/1998 12:19:00 AM
From: Eric Maggard	Respond to of 4276

So, if I have read this right, they have received about $4.5 Mil over the last several months with their offerings. If they got the full face amount that number would be about 20% higher. How many wells are they going to drill? Are they going to drill any? I have no doubt that this is going to the teens again. Where is "management" now? Why don't they come out and let the investors/owners know what is going on? I feel for the people still in this stock. I have a friend that didn't want to get out in the 30's because he didn't want to take a loss. Now, it would cost him almost as much in broker fees as he would get selling his shares. So, he is in this for good. I think he will cut his losses earlier next time. Hope things are going well for you. I am keeping busy. Take care, Eric