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

To: Steve who wrote (3810)	8/3/1998 2:38:00 AM
From: SunriseShines	Read Replies (2) \| Respond to of 4276

Does anyone know about CAYC?

To: Steve who wrote (3810)	8/3/1998 10:33:00 AM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

Subject: Answer Steve from SI Date: Mon, Aug 3, 1998 05:42 EDT From: CALIFTALK Steve it appears you have an ax to grind in still covering for Burditt and backing Omar. You take the actions of Burditt and Omar very lightly. Fortunately the SEC and Texas Securities take it as a serious violation of securities law. Omar was loyal to Burditt and was hired by Burditt the day before he quit Oilex, and it was natural as most of his prior duties were transactions for Caye Chapel, Phoenix Resources or Churchill Resoures, H. Patten Holdings, Allen Burditt and a number of other fronts for Burditt. At the Special Directors meeting Omar followed Burditt out like a little puppy when Burditt stormed out of the meeting when the 2,550,000 shares were rescinded by the Board of directors. All the back salaries (checks bounced) and current salaries have been paid to the field hands. I am happy to hear that you now worry about their pay. But where were you when Your man Burditt had frequently issued checks to the field workers that bounced, so often that some of the local banks refused to accept the pay checks until they cleared. Chapter 11 is a valuable tool to protect a company from "grabbing" creditors while it rebuilds. If it becomes necessary to protect the company then, The principal shareholder will announce that new capital will be advanced post petition to cover the reorganization and rebuilding of the company, and that the court should rescind all the insider transactions. Now that rescinding of the insider deals that the Federal Judge has the power to order seems to disturb you greatly. Are you still trying to defend Burditt and his alias companies. You do not seem too happy that the assets purchased with Oilex money are being identified and recovered from Burditt's grasp. Steve what will make you happy?