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

To: CHRISTINE who wrote (3951)	9/2/1998 11:21:00 PM
From: Steve	Respond to of 4276

Christine, You have continued to spread rumors and innuendo hand fed to you by Saul. You misrepresent the press releases as false a-priori with a post hoc ergo propter hoc argument. You fail to understand the safe harbor provision of the 1933 Securities Act and its implication in warning investors that forward looking statements contain risks beyond the control of the issuing companies. I may get my fur up a lot but it is because I can't stand to see people falsely accused and allow that to go unchallenged. If you can't argue logically then don't argue at all.

To: CHRISTINE who wrote (3951)	9/3/1998 6:30:00 PM
From: Omar	Read Replies (2) \| Respond to of 4276

Christine How does it feel to be taken for a ride by Saul. He has filed Chapter 11 and now the largest shareholder of the company will be the Debenture holders, remember the $675,000. Saul will no longer have any control of the company. The guy has cheated you ..... and is now scared. He tried to contact Allen's attorneys since the truth is now coming to light. His right hand man is a crook who is out on parole for forgery. you people have no clue as to what is going to happen. The assets of oilex will be seized through summary judgements based upon 4 frivolous lawsuits that are against Oilex. However Saul can remedy this situation if he cares for the assets by trying to fight them. The West Virginia properties could have been sold for cash that could have been used to benefit the company but since I don't work there anymore, i will take my Contacts elsewhere. Christine instead of telling steve to try a warm glass of milk maybe you should take a valium and get some rest. you have worked enough.

To: CHRISTINE who wrote (3951)	9/4/1998 1:50:00 AM
From: CHRISTINE	Read Replies (2) \| Respond to of 4276

Is this our debenture holder due july 31,1998 (Austost Anstalt Schaan) Involved in a law suit!! Wednesday July 22, 12:43 pm Eastern Time Company Press Release National Affiliated Corporation Files Lawsuit Alleging Fraudulent Stock Shorting Scheme Suit Seeks Treble Damages for Scheme to Depress Company's Stock Price By Certain Debenture Holders NORTH BETHESDA, Md.--(BUSINESS WIRE)--July 22, 1998-- National Affiliated Corporation (OTCBB:NAAC - news) announced today that the company and certain company stockholders have filed a lawsuit in U.S. District Court in Los Angeles seeking treble damages and other remedies for an alleged fraudulent ''stock shorting'' scheme to depress the market price of the company's common stock. In the suit, the company and the shareholders allege that the defendants, who are various entities holding the company's convertible debentures and individuals controlling those entities, purchased the company's debentures as part of an illegal scheme and conspiracy which entailed significant manipulative short selling of the company's common stock. This alleged scheme of market manipulation commenced in the fall of 1997 and allegedly depressed the market price of the company's common stock, reducing market capitalization of the company by almost $15 million. The company also seeks relief that it be excused from any obligations to issue common stock on conversions. The suit, brought by the Los Angeles law firm of Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP, names as defendants Ronald G. Williams, Sheldon D. Taiger, Arie Rabinowitz, Chris Rossman, Ethel Schwartz, Guilherme Duque, Dora Fried, Joseph Schonkopf, Thomson Kernaghan & Company Ltd., Excalibur Limited Partnership, Vengua Capital Markets Ltd., London Select Enterprises Ltd., Select Capital Advisors, Inc., (( Austost Anstalt Schaan )) , UFH Endowment Ltd., L.H. Financial Services, Willora Company Ltd., Iguana Investments, Arcadia Mutual Fund, Asia Equities, Passy Holding, Paril Holding and others unknown at this time. National Affiliated Corporation is committed to the acquisition and consolidation of insurance companies, mainly those with a clear potential for a high return on investment from immediate cost reductions, and timely marketing of profitable niche products. ------------------------------------------------------------------------ Contact: Martin E. Janis & Company Wayne Schumacher 312/943-1100 or National Affiliated Corporation Brent Chapel 888/984-0800 ------------------------------------------------------------------------ More Quotes and News:National Affiliated Corp (OTC BB:NAAC - news) Related News Categories: insurance