MANIPULATION IS RAMPANT --- Can We Stop It? Message Board

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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?

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To: Dave Gore who wrote (532)	7/18/2002 7:33:54 AM
From: John H. Farro	Read Replies (2) of 589

Dave, actually it's not so amazing when you come to think of it. It takes a lot of guts to speak out. Murray Conradie wrote in his letter that he has received hate mail and death threats. Also a tiny company that hasn't yet reached profitability is vulnerableIF a market maker was one of those involved in manipulation. The market maker could do what he could to lower the stock price and this could hurt the company if it were trying to obtain financing by selling stock. I don't want what I am about to say to be misinterpreted that I believe a market maker was involved in manipulating Nutek stock. I don't know if any market makers were guilty of manipulation so I don't want to make that accusation. However, IF Mr. Conradie suspeced that that the market maker was guilty then this could explain why he didn't start making a big stink about this until recently. The last quarter was the first quarter in a while that Nutek had a profit (about $147,000) and this quarter they anticipate a profit of $225,000. They used to finance some of their activities by issuing stock but they don't have to do this any more. It is easier to speak out from a position from strength.

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