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Microcap & Penny Stocks : New Sky Communications (NSKY)

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To: rockets who wrote (1601)8/21/1998 4:12:00 PM
From: OFW  Read Replies (2) of 2601
 
OFF-TOPIC: Can you clear up something regarding NDB?

Regarding commissions, I have not switched to NDB because I understood that they charged one cent per share on trades over 5,000. If I misunderstood I will be switching my account immediately!

1. If you trade 100,000 shares at .023 does it all go through for the flat single trade rate of $19.75? Or are you charged the flat rate for 5,000 and extra for the balance?

2. Is it true that ALL trades on one side of the market on the same day are combined into one trade for commission purposes? If so, when they combine, are you still paying $19.75 regardless of the total number of shares or do they add more based on the number of shares traded?

Offie

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