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: CHRISTINE who wrote (4115)	11/10/1998 11:27:00 AM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

Subj: Re: oilex progress ( Keeping in touch with the SHAREHOLDERS) Date: 98-11-10 03:30:33 EST From: (CALIFTALK) The first target is to get restitution from Burditt and Timmins. The second is to resolve what creditors are really obligations of Burditt's other companies and thus even though billed in the name of Oilex, not correct. The third target is to get oil production up to the point that the company is cash flow positive. We are making progress on all three points. The crucial point that will affect the market price of Oilex is the amount of recovery. The total capitalization of 10 million shares times 12 cents is $1,200,000. Therefore every $120,000 recovered adds 10 % to the company. We are attempting to recover at least $1,500,000 from the numerous individuals and companies involved in the transactions or responsible in some manner for negligence that permitted this scam to succeed and fleece investors.