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Technology Stocks : PWEB - Pacific WebWorks.. FrontPage for Businesses?
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To: John Fairbanks who wrote (2)2/10/1999 8:36:00 PM
From: Paul Pry  Read Replies (3) of 76
 
Mr Fairbanks... You've got me chuckling a bit.

You really are over playing your hand on this one. I always laugh when promoters join a strand pretending to be just an ordinary, Joe Blow, investor. Reading your posts makes it blatantly obvious that you are, in one way or another, involved with this company. However, you may or may not be willing to admit it. (I actually don't mind promoters posting good information as long as they don't pretend to be investors)

I have some questions you might be able to answer for me. (You may as well earn the PWEB stock paid to you. I imagine you work for Tim at Columbia Financial?)

Only one question tonight as I am pressed for time> In a reverse merger situation such as PWEB, WHO had shares with which to dump on the market? PWEB opened at $20 and closed at $10. Doesn't that seem odd to you? I can think of only two reasonable senarios:

1) The guy that arranged the reverse merger artificially opened PWEB very high and dumped away. (A $200 million market cap...come on)
2) The market makers shorted PWEB from the opening

I must think the answer is the first one. MM would not assume so much risk on a stock with which they are not familiar. However, if the market makers do see more of this dumping, they will get in and sell with him. I would be interested to see if Alpine was the big seller since they are also from Salt Lake and would probably be selling the stock for the guy with the shell.

Thanks.... Paul
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