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

To: CHRISTINE who wrote (3993)	9/6/1998 9:09:00 PM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

From: califtalk@aol.com (CALIFTALK) From:AOL From: CALIFTALK Stanley Griffin is a fine upstanding gentleman. He can testify as to what really occured at the Oilex office under the complete control of Allen Burditt. Allen Burditt tried to stop the employees of Oilex, such as Omar and Stanley and Willie and Oliver from cooperating and assisting me after the July 21.1998 Board of Directors meeting. At that meeting Allen Burditt stormed out when I would not accept the issuance of 2 1/2 million shares as payment for past services of the Board members and included was 1 million shares to himself but issued to Churchill Resources. He stated ,You are insulting me in front of my friends of 20 years, you can have this company, I quit, and you will be sorry as this company is finished. Omar waited a few minutes, and then chased after Burditt. Richard Clark and Oliver Timmins and the representative of the Auditor and I remained and voted to rescind the issuance of the 2 1/2 million shares. What followed thereafter was finding out that Burditt had conducted almost all of the company business without the knowledge of the Board of Directors and certainly without the approval of the Board of Directors. Burditt was able to "buy" Timmins signature on documents with false statements and sharing the rewards taken from the shareholders. Oliver Timmins is a decent man that went wrong because he believed in Burditt and could not believe that Burditt would betray him. Timmins has stated in writing, "I was betrayed when I was most vulnerable." Timmins will not continue to protect Burditt at the trials or investigations. He basicly is a decent man that now wants to save what is left of his reputation and family honor. Timmins had received over the past 3 years Oilex shares, royalty interests and over rides valued at approx 6 million dollars at the time of issuance, ( and so did Burditt). Timmins stands willing to return the assets to the Oilex shareholders. Burditt secretly disposed of most of his Oilex shares without reporting as required by SEC regulations by using a broker in Canada. Burditt and Timmins used the partnership BT Energy without disclosing to the Auditors and shareholders of their insider dealings whereby they first acquired the asset in the name of BT Energy and then increased the price when selling to Oilex. Often by a factor of two to three times the original cost. It is unconscionable. The SEC and the Texas Securities Boards are over worked and under staffed and therefore work very slow. It is frustrating that the system takes so much time to bring criminals like Burditt to Justice. But I assure you that the government agencies are building a file on the activities of Burditt and his assistants.