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Microcap & Penny Stocks : NUMD: NuMED Stock of the Month on SmallCap Investor -- Ignore unavailable to you. Want to Upgrade?

To: dennisp who wrote (28)	2/26/1998 12:50:00 PM
From: dennisp	Read Replies (3) \| Respond to of 49

Please read the below message to me from C Schwab. I need someones' help with this. The day I sold this stock I got a quote for $1.75 it was confirmed during the sell offer by CSchwab> I continued to watch the stock during the day (2/18/98 sold it at 9:31am est) and never saw it go down to the $1.5 I was paid. I've heard of OTC market makers doing monkey business with trades is this what happen to me? If some one has an Intraday chart for that day and could email it to me I'd appreciate it. This is just about the last straw for me with C Schwab. Thanks, Dennis ---------------------------- Thank you for your e-mail. After reviewing your order to sell 1000 NUMD, Numed Home Health Care New shares, placed 2/18/98 at 9:31 am EST, we have determined that you received an accurate execution. Normally, when you place a trade for an over-the-counter (OTC) security via Charles Schwab & Co., your order will be shipped to our affiliate market maker, Mayer & Schweitzer. Mayer & Schweitzer makes a market in several thousand OTC securities, and is able to handle and execute orders for those securities. For OTC securities which Mayer & Schweitzer does not make a market, the order must be handled on an "agency" basis; that is, Mayer & Schweitzer must manually make multiple phone calls to other market making firms who do make a market in that security in order to obtain current dealer quotes and find you the best available execution. This manual process can take up to 15 minutes to complete, and can occasionally result in an execution at a price different from the quote available at the time the trade ! ! was placed. That is the scenario that occurred with your order, as this particular security is traded only on an agency basis by Mayer & Schweitzer and so the process described above was necessary to execute your order.