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

To: SunriseShines who wrote (3811)	8/3/1998 12:02:00 PM
From: Richard L. Williams	Respond to of 4276

I can't say I know much, Sunshine--CAYC appeared out of nowhere to supposedly swallow Oilex up late last year, but it isn't going to happen now. I asked a question on AOL and got this response from Califtalk. It may have answers for you, too. >>Subject: 123 Date: 8/3/1998 4:12 AM Eastern Daylight Time From: CALIFTALK Message-id: <1998080308123700.EAA00441@ladder03.news.aol.com> IN RESPONSE to a Question The Directors of Caye Chapel are: Ken Liebscher Clifford Budd Gary Geer Gary Giles Allen Burditt hand picked the Directors of Caye Chapel and chose men of good reputation to make a good impression on investors. It appears that Burditt controlled the company and made the major decisions and news releases without consulting the Board of Directors. Omar took instructions from Burditt and was impressed by the apparent wealth and power of Burditt. The money to achieve this lifestyle came from the debenture cash assets of Oilex and from the millions of shares of Oilex that Burditt received in the name of Phoenix Resources (usually without real consideration, as part of a scheme or in effect a double escrow where he doubled or tripled the price by running the purchase thru Phoenix Resources before passing the asset over to Oilex)even though the original purchase price was Oilex shares, and the millions of extra shares picked up by Phoenix were then dumped on the market. A classic pump and dump act which he was going to repeat with Caye Chapel. Oilex did acquire real assets, in exchange for the high flying shares of Oilex while the price of oil was high and prior to the 20 to 1 reverse split. The oil fields of Oilex do exist and oil production is continuing. Assets of Oilex have been recovered this past week and the task of recovering additional assets is continuing as many assets have been identified and located. The eight remaining employees of Oilex are loyal to the company and have been of great assistance in the rebuilding process. Caye Chapel stock tumbled too quickly to acquire assets in exchange for shares and the climate had changed when the price of oil fell to new lows. The directors of Caye Chapel following the example of the directors of Oilex are preparing an analysis of the situation and a determination of the status of the assets in Caye Chapel .<< It looks like the folks at CAYC are working to get their act together, also. Christine, thanks for the information on the field hands being paid. It's the average joe that can least afford the fallout of these sort of rip-offs, glad to see that Califtalk is looking out for them. Rick

To: SunriseShines who wrote (3811)	8/3/1998 12:58:00 PM
From: CHRISTINE	Respond to of 4276

Hi Sunrise, here's some more info on CAYC, and here is the link to the thread. Subject 20259 CORPORATE INFORMATION: Incorporated in the State of Nevada, November 8, 1994 CAYC is a publicly traded company. Trading Symbol CAYC COMPANY CONTACT: Jay Johnson North American Corporate Consultants, Inc 24835 Rancho Santa Teresa Dr. Suite # 102 Ramona, CA 92056 760- 788-6300 (PH) Trading Exchange: OTC- Bulliten Board Year End December 31. Authorized Shares 50,000,000 Common $.001 par value LEGAL: Shawn F. Hackman 1600 East Desert Road. Suite # 206-A Las Vegas, Nevada 89109 702- 732-2253 (PH) AUDITORS: Merdinger, Fruchter, Rosen & Corso, P.C. 888 Seventh Avenue New York, NY 10126 212- 757-8400 (PH) TRANSFER AGENT: Alpha Tech Stock Transfer 4505 South Wasatch Blvd. Suite # 205 Salt Lake City, Utah 84121 801- 278-1777 ( PH) INVESTMENT BANKERS: Baron-Marney Capital, Ltd. Kevin Murphy 3714 East Bay Drive, NW Gig Harbor, WA 98335 253- 851-4744 (PH) Fortress Financial Group Mark Kieft 600 West Broadway Suite # 1400 San Diego, CA 92101 800-545-3345 ( PH) PUBLIC/ INVESTOR RELATIONS C. Jones & Co. 6977 E. Chestnut Hill Street Highlands Ranch, CO 80126 303- 470-8783 ( PH)