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

To: Steve who wrote (3090)	3/27/1998 12:48:00 AM
From: edward shapiro	Read Replies (1) \| Respond to of 4276

Wow!!! Amazing. 53.3 barrels a day earns this fine company a big round of applause. I would hate to see all the over time they had to pay all the workers to keep those gushers running smoothly 24-7. $14 million worth of land with millions of barrels of "proven" reserves and they manage to squeeze out an average of 2.22 barrels an hour. Stop the presses and call ABC, thats news. Exxon and Mobil will be around next week to study Oilex's efficiency and production techniques. I hear Chevron is putting in a bid for all 83 million outstanding shares of Oilex. Why don't you do us all a favor and stop your incessant blather about nothing. One would have to guess you are getting paid by the post with all the nonsense and non-issues you are continually rattling on about. Take a minute to take a step back and look at the Oilex situation. What has materially changed in the recent past that would cause the stock to rise so rapidly? The answer: absolutely nothing that you know of. Don't start telling me that Omar says this and the Baron says that, because you just won't get to hear the full story. I don't know exactly why the stock moved up like it did, but I have a real good idea. I will give you a hint : it wasn't based on oil production and fundamentals. Stop saying Burditt doesn't control the company. When I called the office and asked for whoever was in charge, guess who it was? Why don't you try it yourself. What could possibly be attracting new investors? Confidence in Oilex's management? The companies word that they have turned things around? Oil production? Fundamentals? Stock performance over the last year? The timeliness and accuracy of SEC filings? The ability to participate in the losing end of a convertible debenture? You, I and the rest of the shareholders are merely along for the ride. The stock will be moved to whatever level the people who control it think it should be moved to. If you are able to trade in and out along with the moves good for you. My suggestion would be to sit tight because you can never tell when the next big push will come. I am happy because I will get some money back on an investment that I expected to be worth nothing. Enjoy the ride. ed