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: Eric Maggard who wrote (3118)	3/27/1998 3:47:00 PM
From: Steve	Respond to of 4276

No it was not. That merger fell apart because Oilex's assets were not being valued high enough. Management had second thoughts about the merger. Now do I feel the current deal values Oilex fairly in terms of future production, No. But once merged I think current investors will be rewarded with a true valuation of future revenue streams. This return is probably about 1 year away as CAYC becomes a listed company on the new Nasdaq/Amex exchange. The bigger the company the more interest is generated with institutional investors. With institutional holdings I would expect much less volatility in the Stock Price!! Here is my prediction: March 28, 1999 CAYC $15.00 per share. I'll bet the board $1,000 to be donated to charity that this will happen. Hang in there, better times are ahead.