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

To: OFW who wrote (2747)	2/11/1998 6:31:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 4276

<in recognition of services rendered to the company.> thats always a good sign-do 7 Debenture placements to drum up cash and then start paying people with stock<lol> DD

To: OFW who wrote (2747)	2/11/1998 6:53:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

($9.60 post-reverse share), which right of purchase will expire, if not exercised, on August 31, 2002. Actually, Offie, I don't read this to be a bad sign. Whoever accepted these warrants as payment for services (a big "whoever") is clearly agreeing with the company that the share price will be $10 or better on or before 8/31/02. While that certainly sounds like a stretch for us miserable, suffering souls here at the bottom of the Oilex well, I feel that this is the first happy news I have heard come out of this company in quite some time. Today was an interesting trading day, too. OLEXD gapped down to .32 at the open only to rebound 25% to .40 by 10:10am. Now the casual observer might see a measly 2.5% gain on the day, but I see a ray of light here. At least until the next debenture hits. There must be better days ahead, though! Cheers! Rick