SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : NuTek, Oil Company, currently at 1
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: V.L. Ha who wrote (63)1/28/1997 10:47:00 PM
From: Rick Meyer   of 95
 
Hi V.L., in a response to your question "is this all built on hype".
Well, I suppose it is difficult to classify a stock trading below
$1.00 as built on hype. Your question has an implication
of a "scam". I know, that is an ugly word, but there is a greater
risk of companies fabricating abilities, future outlooks, and past
performance if they are not listed on a major exchange. One of the
first thing I did when I started following Nutek was to gain
verification that the Bailer Pump does in fact exist. A good friend
of mine did a little investigation and found out the company that
was supposedly producing the pump at the time did exist, and was
manufacturingBailer Pumps for Nutek.

I am also familiar with the Bigfoot field in which Nutek's
latest press release refered to a large purchase of land. That would
be a pretty ballsy thing to make up, but I suppose it is possible.

So is this company built on hype? Maybe. Are they doing what they
claim they are doing, are they capable of producing oil at the low
prices they claim they can? Maybe.

If the future was crystal, they would not call investing in penny
stocks "speculative". Do your homework, trust your own assesment,
determine your tolerance of risk - and find an investment that suits
you best.

Happy investing from Rick the Dime Store Philosopher
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News