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Gold/Mining/Energy : NUTK

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To: Steve Black who wrote (17)1/24/1998 10:34:00 AM
From: YOYO  Read Replies (1) of 54
 
Steve:
This is a mess! Just remember there are two Nutek names and only one is listed as NUTK with OTC board.
Steve, you are correct. The PRCC stock is a "woof woof" which I have followed for some years out of curiousity. I thought PRCC had sold NUTEK to the management I refer to. Not so. The NUTK symbol was another company not releated to PRCC. Apparently there are numerous NUTEK named companies. A web engine search can provide a sample.
I am not familiar with the old management of the NUTK company. I thought this was the PRCC subsidiary.
IN short, PRCC does have a Nutek subsidiary. It is 100% owned by PRCC. It does not trade as a stock as PRCC owns it all.
The company that has the NUTK OTC board symbol is a different NuTek,Inc.
As long as I am babbling, the NUTK I recommend and own is a start up that has a good chance of making a go of it. This is a crucial quarter for them. Keep an eye on them and if it looks like the first informercials are successful and more oil wells are being drilled and the debt is kept to a minimum,(I don't ask much!) then buy some.
I think there is time to let company prove itself before buying. I went ahead and bought some although I should of waited and let it prove itself.
Hope this helps.
YOYO
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