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Microcap & Penny Stocks : NuTek, Oil Company, currently at 1

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To: James McKillop who wrote (45)11/5/1996 7:41:00 PM
From: Rick Meyer   of 95
 
Last time I checked, 3/8 does not equal .1875, which is what the stock gained today. Are you using a different type of math than I am?

But yes, 120,000 did trade hands today which is much greater than the usual volume of a couple thousand. I noticed that there were only 2 transactions.

1. Can we get information on who is doing the buying, is it from within the Company?

2. Is there any reason for the spread to be so great ask .$625, bid $.4375 = 43%!!. I think that this is a major obstacle for many potential buyers.

3. Have there been any recent acquisitions? Oil prices have dropped quite sharply the past week, and that should be good news for acquisitions.

Thanks in advance for your answers.

Rick
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