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


To: Steve who wrote (3494)6/17/1998 10:17:00 AM
From: Richard L. Williams  Respond to of 4276
 
Relax, Steve--
I'll lighten up, too. Let Oilex show the world that it really is into producing oil and not paper, and we'll all be happy.

Why not sell? Like most holders, I have little of value left. Selling would be of little benefit to me, as somebody else has already made off with my money.

Re: Psychology of the market--I aver that the market is ALL psychology. We are buying little bits of paper, that have no value in and of themselves. It is our belief in the company that these scraps of paper represent that make them worth what we pay for them. A company inspires confidence through performance. It destroys confidence with non-performance and perfidy.

That is where Oilex is today. It will be hard to attract new investors with the track record it has. It has a deep well to climb out of. I am here for the long haul, unfortunately.

Cheers!
Rick