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


To: CHRISTINE who wrote (3776)7/28/1998 2:09:00 PM
From: Ajay  Respond to of 4276
 
Hi Christine,

I got caught in the same boat and you couldn't have said it better! But I think that Omar was just the messenger and was telling us what he believed to be happening. I have no grudges against him at all. It all starts at the top and I have to say that my head was in the sand also!

Good luck to you.

Ajay



To: CHRISTINE who wrote (3776)7/28/1998 2:09:00 PM
From: CHRISTINE  Respond to of 4276
 
From AOL. Can these figures be denied? Why is Burditt's name listed as an approved signer on Oilex's Bank account, if he was only a consultant? I'm sure the banks have records of where the money was taken and where it went, (If to another account) and by who.
Thanks to the team work and a number of motivated shareholders eager
to help, much is being uncovered.

Here are the actual monthly totals of wire deposits from the Debenture holders
into the Bank Accounts of Oilex. Now the trail is followed as to where the money
was taken out and then transferred to what account?
The suspense is building as Oilex retained and used for its own benefit
a small portion of the $1,855,600 totals,

Month total- Amount

July 1997 $579,600

August 1997 $264,000

October 1997 $440,000

December 1997 $132,000

January 1998 $308,000

February 1998 $132,000

TOTALS $1,855,600 of cash wire transferred to Oilex's account
from the Debenture holders. NOTE- approved signers on the account were A. Burditt
and Oliver Timmins.