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 (4188)	3/8/1999 3:54:00 AM
From: Ditchdigger	Respond to of 4276

Looking for a downturn in oil..fundamentals still suck-oversupply has not been lifted..Winter will be ending,and were still not in the summer driving season...Time to retrace,back and fill,,IMO.. Obviously when prices reach a certain level,,deep water drilling/production/exploration will increase drastically,,which should boost supply, and lower price. Strippers/shutins should be the last segment to spark,IMO...why buy OLEX, when you can buy, for example HEC @ 1 1/2....OLEX is history IMO,at least as a publicly traded company..my guess is Saul will walk away with what little assets he can grab...DD

To: CHRISTINE who wrote (4188)	3/8/1999 6:52:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

Christine-- Yarmak has publicly stated that he will not operate Oilex as a company again. His sole interest now is to recover the debenture funds that were taken by Burditt. I have been told that Oilex was never set up to produce oil. The whole company was a chimera to lure in investors and and take their money. Well, it worked, but can we expect Saul to change the entire structure of the shell? Oilex: An expensive lesson learned at the hands of a master scam artist. We can join Saul in the court case or walk away. Those are the two choices I see based on the information I have. Take care-- Rick