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

To: Ajay who wrote (3849)	8/15/1998 11:25:00 PM
From: Steve	Read Replies (2) \| Respond to of 4276

I have no devotion to Oilex's former management, never met them. I know that egregious management mistakes were made. However, it remains to be seen if anything illegal occurred. What everyone fails to understand is that the BB-OTC is not an efficient market and that manipulation is the order of the day. If you invest in a BB stock it is a gamble that rarely pays off long term as they are short term momentum plays at best. The effect of management mistakes on a BB company, that is to begin with under capitalized, only makes the manipulation of the stock that much easier. The fools were those investors who believed that a BB stock could be a long term play but of course there are exceptions and I hope Oilex becomes one but it will be long road back. All of this does not mean that Oilex's business model was flawed it only means that it was not implemented correctly. I am not yet convinced that Saul is interested in making Oilex work. I want him to make it work because production swabbing does work on the right types of wells and Oilex has the right properties now it needs the right people in the field to operate the machinery.