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

To: John Rowe who wrote (2997)	3/21/1998 6:22:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

John-- I can't begin to guess who it was that did all the buying on Friday...perhaps we have a small short squeeze coming off? If there really are only 3.7 million shares out there, the float can't be much more than 1.8 million, my guess...does this mean the entire float changed hands yesterday? That seems unlikely, but then, what is the current float, anybody? I agree with Steve's opinion that Caye Chapel would not be fooling around with Oilex if they didn't see something that interested them. And if Oilex really has assets worth $14mm, aren't we worth at least $4/share? Even if Caye Chapel pays half that, I would be happy, as would anybody who buys at these levels. Looking forward to Monday's action...still considering throwing good money after bad, but that's tough to do with this stock. Cheers! Rick

To: John Rowe who wrote (2997)	3/21/1998 11:15:00 PM
From: Steven Taylor	Read Replies (1) \| Respond to of 4276

John R. If it was CAYC buying then they must be strengthening their hand in OLEX. If it was Baron-Marney buying they could be to control a large block to sell to CAYC for a higher price than market if CAYC is really interested in consolidating with or increasing their percentage ownership of OLEX. That's just an opinion. Trying to view all of this in a common sense manner. Do individuals or companies have to report to the SEC when they control over 5% of a BB company. If anyone has an answer would like to here. What it means for the rest of us, who can really tell at this time. Also, they have never given an estimate for proven gas reserves. If they have I must have missed it. Natural gas prices haven't been depressed as oil prices have. I would like to see those estimates and locations of reserves. I guess we'll just have to wait and see if it gets shorted to death on Monday. SteveT