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


To: a. paisley who wrote (2892)3/6/1998 9:19:00 PM
From: Richard L. Williams  Read Replies (2) | Respond to of 4276
 
Hi, Paisley--
I agree that what the "management" of Oilex has done to us has been lamentable. But I am not sure that I see today's events as you do.

Clearly, Caye was stepping up to the bat today, and did some serious buying to support OLEX' price today. At one point, I saw each sale matched by a buy of same or larger proportions. Most of the sells were in 5k blocks, the purchases, 10k or larger.

How many shares are out now? I'd have to guess in the neighborhood of 6.5mm to 8mm at this point. Pretty wide target, but I can't do any better than that. If you want to know, Oilex' transfer agent's number is somewhere back in this thread.

I hope you didn't invest too much in this company...me, I can still sleep at nights.

Cheers!
Rick