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

To: Richard L. Williams who wrote (2758)	2/17/1998 2:30:00 PM
From: Marty Rubin	Respond to of 4276

Rich (Also, a word about National Securities and Chat with Nasdaq chair at 2pm PT on yahoo), I'm fed up with this stock. Ask Larry. He seems to know these stuff. Iraq seems to give up. Anyone remember National Securities? WSJ (Tuesday, February 17, 1998 C1 and C7 Column 2) has an article today on them and how hard it is to underwrite IPO' micro caps--stocks with total cap. of under $20M. They are owned by Olympic Cascade Financial if you want to check their symbol. Best wishes, Marty The title is "Busy Underwriter of Tiny Issues Finds It Tough to Pick Winners," saying that they are down an average more than 20%. BTW, BW is starting to charge for full reports (businessweek.com). I'm a subsciber so if you need "halp" e-mail me with a specific article you want to read. himarty@rocketmail.com. Tuesday, February 17: Alfred R. Berkeley, III, president of NASDAQ, at 2pm PT/5pm ET. chat.yahoo.com

To: Richard L. Williams who wrote (2758)	2/18/1998 12:49:00 AM
From: Larry Sallee	Read Replies (2) \| Respond to of 4276

Rick- my understanding is that the frac gel will liquefy after three or four days and is normally pumped out before the well will produce. I think the word flowing in the note is significant information. If this is true it is another piece to the puzzle. I had expected the start on well #5 further on in the field to continue proving up but that hasn't been announced. I also note that HCM continues to file for new wells next door. Only my opinion -Larry