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

To: Steve who wrote (3898)	8/29/1998 12:24:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

No monies were siphoned off. That is Saul's invention. OK, Steve, let's talk this out....Oilex issued eight debentures during late 1997 and early 1998 that destroyed the value of the stock and required a reverse split. In exchange for this disaster for its stockholders, I beleive Oilex received $3.85 million dollars in cash. A few months later, Oilex has swabbers in the shop for repairs that cannot be paid for, $400,000 in bills that it is being dunned for, employees that haven't been paid in weeks, cannot receive supplies of fuel for its equipment because bills have not been paid, and is basically down the financial crapper. Where did the $3,850,000 go? Oilex' board of directors and former president have told their stories. What's your story on where the money went, Steve? What spin is Omar giving you on this sordid tale? And if it is a battle of credibility, Steve, you will lose hands down. Saul Yarmak has more credibility with me than you ever will, no matter how much you bluster and insult me. Take a hike, loser. Rick

To: Steve who wrote (3898)	8/29/1998 12:30:00 AM
From: CHRISTINE	Respond to of 4276

These are some replies to Steve's posting on AOL. ---------------------------------------------------------------------- Are you offering advice? How knowledgeable are you of production? I know Saul and he is nothing short of brilliant. Smartest man I have ever known. ---------------------------------------------------------------------- Subject: Re: Final response Date: Fri, Aug 28, 1998 14:41 EDT From: CALIFTALK Message-id: <1998082818415500.OAA06180@ladder03.news.aol.com> Subj: Re: response Date: 98-08-28 14:39:32 EDT From: CALIFTALK To: SHales99 Look into the mirror, Mr Hales. The management group you support and are possibly involved with in some degree took advantage of you and they certainly have given you inaccurate information which you used to open the Caye Chapel message board on SI; and yet you never find fault with their management of Oilex and Caye Chapel and Churchill and M Patten Holdings and Phoenix Resources. You never find fault with all their insider transactions that took royalty assets and cash away from the cash cow know as Oilex Inc. You never find fault with the double escrows were the assets were sold to Oilex at prices double and triple the original purchase price. You never find fault with the millions of newly issued shares that Timmins and Burditt issued to themselves for little or no value. You never find fault with the illegal and unreported sales that Burditt conducted using a broker in Canada. You never find fault that Oilex cash was used to support the lavish life style of Burditt, the advisor to Timmins. You never find fault that the news releases were basicly false and or misleading. You never find fault that investors have lost 99% of their cash value in two years. COME ON get out of your fools paradise and open your eyes to reality. Either you are one of the promoters who benefited or you are a fool.