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Technology Stocks : PWEB - Pacific WebWorks.. FrontPage for Businesses?
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To: Jgilbert who wrote (5)2/2/1999 5:16:00 PM
From: John Fairbanks  Read Replies (1) of 76
 
I think I just saw the article you were referencing... no, there isn't
any connection to PWEB other than the fact that PWEB is also a OTC:BB
company. Personally I'm hoping that they are getting themselves in
gear to make a full NASDAQ application before the new ruling goes
into effect in June 2000.

As to the ruling... I think it's the best thing the SEC and NASD have
done in the time that I've been investing (only 3 years). I've made
money on A BUNCH of OTC stocks, but often there are problems with them
which are not made apparent to investors because of the lack of
filings with the SEC. In all of those companies if I had held my
stock any longer than I did my gains would have turned into serious
losses. OTC companies are definitely not for the faint of heart, or
for those who do not have the time to watch them pretty constantly.

From what I've seen, I believe the people behind PWEB are pretty on
the ball. But like any company which is trying to transition from a
development stage company to a operational company I'm sure there
will be some growing pains. The way they've handled things so far
though appears to be really good... I really like the 3MM float.
Typically in a reverse merger situation there are a LOT more shares
out because the shell will typically throw stock to the wind while
it is in its death throws... 200MM o/s is not at all uncommon to see,
while PWEB only has 10MM outstanding. This may have been due to a
reverse split, but if my info was correct they actually did a regular
4 for 1 split just to get the 10MM so there could be some liquidity
in the stock.

As to the OTC exchange, I plan to find out what PWEB is thinking with
regards to upgrading their listing and what kind of time frame they
are expecting. At the moment I think they are just trying to get the
company off the ground and turning a profit.
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