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

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To: Mark Lenthe who wrote (82)8/1/1997 2:30:00 PM
From: SunAge   of 95
 
The bid and ask spread on this stock is just pathetic. Who will buy at this spread?

At this rate if you buy 20,000 @ .1875 = $3,750
and an emergency situation comes up where you need to sell,
the amount left of your 20,000 @ .0937 = $1,874
which leaves you: $1,876 in the hole and you also will have to pay commission charges.

In the MEANwhile the market makers sold you: 20,000 @ .1875 = $3,750
that they bought for: 20,000 @ .0937 = $1,874
which gives them a 100.10% gain for their trouble of making an efficient market for you. I do not know how penny stock market makers can sleep at night.

Is it any wonder why the volume and activity on Nutek dried up?

Why does the NASDAQ board let this type of robbery to go on and on and on? And they say they are friendly to businesses and investors?
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