OEX 20.0% 0.6¢ oilex ltd

September Field Work, page-8

  1. 1,815 Posts.
    I suppose the lack of information maybe that Ron is aware that if the next announcement is in anyway negatively perceived his job is pretty much on the line; not much us smaller holders can do but if Magna and Zeta want to oust him they are holding all the cards. For the sake of holders I hope you are right Joatmon that he is getting the tough work done in the field.

    I wonder if Magna and Zeta are felling a bit nervous now that the share price has plummeted to almost 3 cents. We already know Magna was not impressed with the last dilution and raising so we can only assume Zeta maybe having second thoughts now. Unless of course there is a plan to do a takeover at a much lower share price. It will be interesting to see the next quarterly to see how the numbers if we really are in oversold territory. Hard to believe market cap is just over 38 million if we take into account the market releases OEX has produced and the business as a whole.
 
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