Save The World Air Inc. (ZERO) Message Board

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Non-Tech : Save The World Air Inc. (ZERO)

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To: Jeffrey S. Mitchell who wrote (204)	7/22/2000 9:30:17 AM
From: Q.	of 445

PWEB? That was a BB scam in 1999. An early-20's kid in Utah started to peddle some home-made software for building retail e-business sites. One of his officers is his little brother, who has no education and whose work experience consists of woodworking. The kid got a company public through a reverse merger with a defunct asphalt company. The stock started trading with a market cap of $100 M, after the Jan. 1999 reverse merger. The kid issued lots of news releases, like this one in the spring of 1999 that appears to predict at least $8.8 M revenue for 1999. pacificwebworks.com It turned out that he actually achieved only $0.3 M revenue for the year, and he burned $2.5 M cash doing it. Got a going-concern qualification from the auditor. There was a big collapse in the stock price, and it dropped off my radar screen. Looks like the stock hasn't disappeared, though. This year it's again trading at prices comparable to when the kid made the news release I mentioned. It's a fine specimen for Roger Neal to tout. Which he began doing on July 11.

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