Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GGreer who wrote (3859)	8/17/1998 1:10:00 PM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

More from Califtalk. Subject: Re: What happened? Date: Sun, Aug 16, 1998 10:20 EDT From: CALIFTALK What does one do when in a circle of lies? CALIFTALK: Check every document-review every transaction Check back with every party they did business. . Research proves that Timmins was involved from the beginning. Timmins was involved in many forfeited companies such as Perfection Estates Incorp. started with Burditt and Timmins back in 1988 ? The Texas Securities Board is asking questions about Perfection Estates and other forfeited companies in which Timmins is involved. . Timmins seems to be involved as much as Burditt, as he is the Incorporator for most of these companies. Timmins was well paid to be a cover for Burditt Now Omar Ahmed is the name that appears as a front for Burditt. He is attracted by the appearance of wealth and wants his share. ---------------------------------------------------------------------- Subject: Re: What happened? Date: Sun, Aug 16, 1998 10:31 EDT From: CALIFTALK Subj: Re: News From: CALIFTALK The company must have substantial new cash investment or file chapter 11 within a short period. Payables and lawsuits and demands for money appear daily. The swabbers require cash to cover repairs before they can go into operation, and the final debentures have a demand for $700,000. Some of the debts are not obligations of Oilex, but it appears that Burditt or Timmins involved Oilex in some manner, without authority, or knowledge of the Oilex Board of Directors. And recovery of assets that rightfully belong to Oilex shareholders will be recovered in the chapter 11 process. Timmins and Burditt found many ways to take advantage of the shareholders. The company does have substantial assets and once the above problems are resolved the opportunity is positive and I feel that the future will be favorable and that the shareholders will be rewarded for there patience. ---------------------------------------------------------------------- Subject: Re: What happened? Date: Sun, Aug 16, 1998 10:44 EDT From: CALIFTALK ubj: Re: News From: CALIFTALK Jones and Murphy were well paid to spread the hype. How much they knew about the false releases, I do not know. Oliver Timmins has resigned as the pressure became too great and his attorney is trying to "make a deal" to give back assets in exchange for a release. I have been able to stop transfer of Phoenix Resources stock certificates, as Burditt was using a Canada broker to sell the balance of his shares. Timmins prepared the attorney letter to remove the trading legend that would allow free trading. But the facts in the letter were not true. The stop transfer and the subsequent Court Order will freeze trading in the shares held by Burditt and Timmins and in their alias names. ---------------------------------------------------------------------- Subject: Re: What happened? Date: Sun, Aug 16, 1998 10:46 EDT From: CALIFTALK Subj: Re: Price From: CALIFTALK To: If I knew that the cash from debentures was embezzled and that the management was cutting themselves into every deal without notification, who in his right mind would have invested? Now I have no choice but to save this situation and correct this evil. ---------------------------------------------------------------------- Subject: Re: Where is the MONEY Date: Sun, Aug 16, 1998 10:54 EDT From: CALIFTALK Subj: Re: Why From: CALIFTALK Allen does not know what the truth is. He has taken advantage of you. He was selling when you where buying Caye Chapel with his "inside information". He tried the same "trick" the inside information that the $17,500,000 deal was being signed and that Warren Soloski could confirm the deal. I ducked and you bit the bait. The Great Plains never happened and was not a good deal, as it has now been offered to me for a potential for Oilex, and due diligence indicates it is a loser. The 200 wells south of San Antonio are nothing but a plugging liability, and are not in the name of Cayc. Churchill is a front for Burditt and he received many millions of shares for putting Churchill into Cayc as a sham. Cayc NEVER had money to do the $2 million debenture with Oilex, all false, but effective in touting the stock and making it possible for Burditt to make money from foolish trusting investors. End of post.