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Non-Tech : Save The World Air Inc. (ZERO) -- Ignore unavailable to you. Want to Upgrade?


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



To: Jeffrey S. Mitchell who wrote (204)7/22/2000 9:55:21 AM
From: StockDung  Respond to of 445
 
I wonder if they hook one of those thingiemagies up to John Reed Stark's car? I just get this feeling that he will become Save the World's new T.V and radio spokesperson.

put put put put put put put put put.......



To: Jeffrey S. Mitchell who wrote (204)7/22/2000 9:55:52 AM
From: Q.  Read Replies (3) | Respond to of 445
 
Roger Neal's other new client, CCCX, looks like more fun.

According to the 10k, the company's business consists of <nutritional
supplements, personal care, home and auto, and pest control products , and the husband-and-wife executive team has business experience consisting mostly of MLM stuff. The auditor gave them a going concern qualification.

Since Neal took over their PR this month, he's got the CEO signed up for an interview with thewallstreetreporter.com, which he also did for ZERO and PWEB.

Two days ago he issued a news release with the boldest of all hype -
earnings and revenue projections:

Centre Capital Corporation's 12 month Pro Forma Statement of Operations projects $41,588,809 revenue with net after tax income of $12,767,136.

That's interesting, because during the last 6 mos. the company had only $221,662 of revenue, according to the 10Q.

The projection also appears in an 8-k filed this month. In the 8-k, it says that:

Other existing product sales were forecast in the amount of
$36,159,750 for the 12 months ended June 30, 2001 due to increased promotional
and advertising efforts plus endorsements.


Let's see. Neal expects his client to get roughly 8,000% revenue growth from existing products simply by increasing their advertising.

Ummm. I sure hope Neal is able to pump this stock, and PWEB, to even more ridiculous valuations. I want to make some more money off of him.



To: Jeffrey S. Mitchell who wrote (204)7/22/2000 10:09:17 AM
From: Janice Shell  Read Replies (1) | Respond to of 445
 
From Miss Universe and George Bush to penny stock companies. Is it me, or does that seem kind of odd?

No. Doesn't seem a bit odd to me. Perfectly normal in the world of BB stocks.