OILXF (OILXF)

[eddy2]

I believe it has something to do with the par value being set at $.01 but then I have seen stock trading below there par value.


The thing that caught my attention is the derivitive contract that the bank asked of Oilexco the share holders should have gotten something for that 50 million that it cost and who wrote that for Oilexco made of like a bandit and I belive it was the bank who wote that but then like a lot of off balance sheet arangements you have to speculate these things.


The other thing is nothing of this was ever filed only released through the news that makes me wonder about the truth behind the whole thing or what the truth is did the bank recieve payment through a off balance sheet derivitive contract. What will be next a debt for shares after a name change for the bank all wishful thinking on my part but enough to keep me hanging on untill the death I guese.

The other thing the financials had no short term dept shown it was all mentioned through the press the assets on the balance sheet was writen down and we all know what that does to the income statement and cash flow statement when companies do that another reason to hang on I guese to my shares untill she dies.

The taking out the barge for maintenance another clasic of distroying revenue along with depreciation how cute a trick, another reason to hang on to my shares the thing is that is business and business can be dirty to the ones who don't see through it for what it is business.It is how money is made in the market for the ones who are patient and wait.