News: Oilex sees “significantly improved performance” in Cambay 77-H well, page-4

Well I would like to think it can only go up from here but this possibility of a placement happening could mean more short term pain while the sophisticated investors get their fix. I was reading through some of OEX announcements from August 2013 and I think they got a deal around 5 cents with free options. I hope it is not that low if OEX is going down that path again. I guess the only good thing about it is the sophisticated investors will wants to make some good money like last time. The last pump from 2013 at 5 cents to July 2014 of 20 cents gave them an incredible rate of return if they took profit. However this will require more patience and waiting which is frustrating many small time holders.