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

To: Marty Rubin who wrote (3764)	7/26/1998 10:28:00 PM
From: CHRISTINE	Read Replies (3) \| Respond to of 4276

Well guys although not confirmed, the rumors are that Burditt needed the cover of decent people like long time friends, Oliver Timmins and Cynthia Timmins to cover for him, in their capacity as President and Secretary, and as Directors. They prepared all the corporate records to cover for Burditt. And long term friend , Richard Clark in his capacity as CEO , and director was kept completely in the dark. And Deborah Sacrey in the capacity as director was kept in the dark, as she was nothing but a name with no oversight of company affairs. Cynthia Timmins and Deborah Sacrey have both resigned from all positions. Richard Clark resigned as CEO and stayed as Director, Oliver Timmins also stayed as Director . The rumor is that the officers and directors turned their heads while Burditt took advantage of Oilex Inc, and the shareholders for his personal benefit. It appears that Timmins and Clark have two choices: get recovery of assets from Burditt for the shareholders or TAKE the responsibility for failure of fiduciary duty. Looks like Burditt and Timmins never in their worst nightmares ever thought that someone like Califtalk would take control before they could fold Oilex and take the remaining assets for pennies and run the scam again with CAYC and take a new set of suckers. Cayc is controlled by Burditt thru his wifes' company, Churchill . Now Califtalk can save the assets of OLEX which have real value and once managed properly will build value for the shareholders, especially since 3,835,000 shares is a lot of investment for Califtalk to protect. Now we need a shareholders meeting and give the shareholders the opportunity to meet the other directors. They need to give 110% cooperation and 100% true testimony. Can all the restricted shares held by insiders be rescinded? Lets hope so. The rumor is that The fight to stop the last 2,550,000 shares was furious at the directors meeting as the insiders wanted the "bonus" for services rendered. (Must have made him sick) Greed made them blind, foolish, and stupid, in their claim for compensation for lack of their fiduciary duty to the shareholders. Also, there is talk that it is foolish to invest in Cayc. Controlled by Burditt these shell companies only exist to feed the promotor And now that Burditt can not feed on Oilex, buying into cayc is not a good idea. And it is no wonder why Omar is posting his opinions on the CAYC thread, to prepare the next nest egg for an easy living clean scam. 30 more days was all that was needed to destroy the company and cover up. But it was saved just in the nick of time. This is like opening pandora's box, and most of us are speechless on the rapid change of events. The hunter has now become the prey. Truely Califtalk is a man of convictions with the motivation and resources to help bring shareholder justice. As the bird flys the HAWK will follow!!!! Good Luck and God Speed To You Califtalk And good luck to us all Christine