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

To: Steve who wrote (2903)	3/7/1998 4:14:00 PM
From: edward shapiro	Read Replies (1) \| Respond to of 4276

Steve, "the reporting company will look like idiots to every other oil company" Who cares what any other oil company thinks about Oilex? I care about the share price, not about what the neighbors think. With the way the Oilex is being run, don't you think they already look like idiots? I know the Railroad Commission regulates everything. How long does it actually take to determine the flow rate of a well, file the papers to get an approval on production, get the oil out of the ground, sell the oil and see the cash on the bottom line? Ed

To: Steve who wrote (2903)	3/7/1998 4:22:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 4276

exchange2000.com We're already over 3.5m and in my opinion climbing-will look for the TA's # and if you mean give or take 300K,well thats 8% of the outstanding(based on your 3.5m number)-8% of the value of your shares. When dealing with sub 10M outstanding numbers,a few hundred thousand shares is quite a bit.(hell,8% is considered just a little below the DOWs yearly average gain ,over its life-in some circles,a good year).DD

To: Steve who wrote (2903)	3/7/1998 5:12:00 PM
From: Richard L. Williams	Read Replies (2) \| Respond to of 4276

Don't you know anything about the procedures for reporting flow rates? Ever hear of the Railroad Commission?? No, Steve, I don't...but thank you for educating me. Oilex has been promising flow rates for several weeks. Now I understand that the evil Railroad Commission has been holding up the works, and keeping our beloved Oilex from trumpeting its triumph to the world. Thank you, Steve! Now I can sleep well, and will write checks on my credit cards to buy more Oilex on Monday! As far as the debentures being purchased and not converted, I have two questions: First, what is the source of your information; and Two, to what do you attribute Oilex' steep decline in stock price in the past weeks, if not due to debenture conversion and sales? BTW, it's nice to get a fresh face on this thread, welcome aboard! If you think I am negative about Oilex, well, I am the most hopeful person here, so that should tell you a little of the mood of the folks here. Happy hunting! Rick