OEX 20.0% 0.6¢ oilex ltd

Ann: Quarterly Report 30 September 2015, page-4

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  1. 1,815 Posts.
    Well I think Ron is running out of so called sophisticated investors to hoodwink with this sort of money injected into OEX the repercussions for the current management will be terminal. I would be shocked if after they burn through this latest money without any tangible result and got more money. Magna from the last dilution vote were not happy and throw in Zeta being put offside if they are fleeced too I think a share consolidation in a worst case scenario maybe hard for these large holders to stomach.

    I agree there is not much we can do but wait which is probably why the share price is doing nothing. Everybody that has dabbled in OEX has either sold or bought by now. However the lack of interest and build up to any announcements means a positive silver lining is if OEX eventually deliver a company making announcement the share price may breakout to the upside in a dramatic way with many people caught out.
 
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