Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ditchdigger who wrote (3035)	3/24/1998 3:29:00 PM
From: Richard L. Williams	Respond to of 4276

Hi, DD-- As I said, pure guesswork. We have no information available, so that is really all I can do. It is based on the idea that Oilex managment is not going to allow more than 50% to be in the float in order to maintain control of the company. If I am wrong, I would be surprised. After all, CAYC could just buy them out if that was not the case. And a company buyback to keep 50.1% would have been easy with the ridiculously low stock price of the past few weeks. Again, no info to base this on, pure speculation. I doubt the Baron would be very forthcoming with such info, either. Cheers! Rick