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Microcap & Penny Stocks : NuTek, Oil Company, currently at 1
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To: Rick Meyer who wrote (77)5/20/1997 1:48:00 PM
From: Allyson   of 95
 
Rick,

I appologize for taking so long to respond. I have been tied to the office as our Secretary/Treasurer has been out having surgery. I have been handeling office duty as well as Investor Realtions.

Unfortunately as a BB stock we currently have no control over whom becomes a market maker or whom is trading stock in the company. As has become apparent there are individuals out in the market that will take a company that should be at a higher stock price and slam it for profit. Currently, we are selling more oil than we have in the past. The shorting of stock has made it hard to move forward, but forward we move. We are not bankrupt. Most of the trades in the past few months have been on the buy side. From shareholders bringing down their cost per share. The spread has been as wide as the grand canyon. As I have said before if one is interested in what we are doing, one has to call me at the office. The internet, and rumor on the internet, are to wide spread to just say anything to. You never know who is going to read the information and take it out of context. From what I've heard from the chat room rumor mill, I no longer am with the company which is the furthest thing from the truth. I'll try to hop on the internet more often. It's just not my first priority. Talking with shareholders is.

Allyson
Investor Relations
Nutek, Inc.

(714)955-1411
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