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

To: CHRISTINE who wrote (4122)	11/25/1998 11:53:00 PM
From: CHRISTINE	Respond to of 4276

Subject: Re: Ask Omar about Minolta Copier (from califtalk) FROM CALFTALK: Subj: Re: oilex Copier from Minolta From: CALIFTALK At the end of June 1998- when the company was without cash resources,had no need for a second copier, had to vacate the office on Post Road in Houston, and had negative earnings- why would any sane person sign for a $33,000 copy machine? It cetainly was not authorized by the Oilex Board of Directors or Officers. But Omar Ahmed signed as "company executive of Oilex" to acquire the copier, upon the instructions of Allen Burditt. And now the leasing company has a claim in the chapter 11 reorganization It appears to me that the plan was going to be move the copier, and then it would be used by Burditt's other business interests and moved to a separate location, but left as a liability of Oilex. The typical Burditt scheme, whereby he directs behind the curtain but avoids signing the documents.

To: CHRISTINE who wrote (4122)	11/26/1998
From: CHRISTINE	Respond to of 4276

From calftalk Subject: he blew his cover with an offshore company- M Patten Holdings From: CALIFTALK The house is tied up with legal actions, thru the Federal Bankruptcy Court. Oilex claims an interest in the $300,000 deposit, as the money was taken from the Debenture cash deposited into an Oilex bank account,then Allen Burditt had the money moved to a bank account controlled by Allen Burditt, of Phoenix Reserves, then Allen Burditt had the money moved to the Escrow for the benefit of M. Patten Holdings, a offshore shell company owned by Burditt. (A method of hiding income if it remains a secret) End result, without the approval of the Directors or Officers of Oilex, Allen Burditt used Oilex money to acquire a house on contract, in which he resided without paying rent for one year, then he had the furniture moved by his daughter into storage while he was on vacation during the first week of August, and then filed a complaint with the police that the items were stolen, and then filed a claim with the insurance company ( a policy that Burditt had Oilex pay) claiming that he had a insured loss. Quite a plan that went wrong, as his daughter left a note in the house that she was up all night packing, and that note was picked up by the party that Burditt had charged with stealing his possessions in the house, and the note was given to the police dept and the insurance company. The party who sold the house on the original sales contract, now wants to keep the $300,000 deposit and forfeit the contract. The contract called for a final payment of $250,000 to complete the contract within one year. The Court has given an officer of Oilex authority to advance the money to complete the contract and protect the interests of Oilex shareholders and creditors. The original seller has refused to close the transaction and pass title, therefore Oilex has filed a lawsuit for recovery. M Patten Holdings has joined in the lawsuit.

To: CHRISTINE who wrote (4122)	11/26/1998 12:21:00 AM
From: CHRISTINE	Respond to of 4276

More from Oilex shareholders at AOL Subject: Just Curious Date: Mon, Nov 23, 1998 21:52 EST From: Ben2275 Message-id: I have a question for Mr. Burditt. If you are innocent of all the accusations made against you why have you not come forward yourself? You have hired numerous attornies to distort the truth. They have attempted to bombard the courts and law enforcement agencies with all the lies that you have told them. Why don't you come forward and tell us the truth and not hide behind your attornies. We deserve the truth. We deserve to know how you spent the shareholders money. That's the least that you can do!

To: CHRISTINE who wrote (4122)	11/26/1998 12:32:00 AM
From: CHRISTINE	Read Replies (2) \| Respond to of 4276

More from Oilex shareholders at AOL Subject: Re: Just Curious Date: Tue, Nov 24, 1998 17:32 EST From: Pete123q Message-id: How can that scum Burditt even think that any more of his stories will save him now!~! He is sinking and sinking fast. Read between the lines!~! Documents have been turned over to the FBI, SEC, IRS and Texas State Securities Board that prove this to be an open and shut case. He cheated investors out of millions of Dollars and never paid income taxes on the proceeds. He involved his new wife in the transactions and she is the weak link in the IRS and SEC investigations. Do you think Robin Frederick Burditt will be willing go to jail for Allen Burditt? Do you think Oliver Timmins and his wife will be willing take the rap for Allen Burditt in the final outcome? Do you think Richard Clark will withhold the truth to back Allen Burditt in the SEC and IRS investigations?