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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (15100)	4/3/2001 5:27:18 PM
From: StockDung	Respond to of 18998

SEC investigating trading of InterWorld securities WASHINGTON, April 3 (Reuters) - E-commerce software maker InterWorld Corp. <INTW.O> said on Tuesday the Securities and Exchange Commission has opened a formal investigation into the trading of its securities. "At present, InterWorld has no reason to believe it is a target of the investigation," the New York-based company said in its annual report filed with the SEC. "InterWorld is cooperating fully with the SEC in connection with this investigation," the company added. It said the SEC notified the company about the investigation last month. No additional details of the probe were provided. InterWorld shares were down 1/32 at 5/32 on Nasdaq. They have been as high as $58 and as low as $3/16 on the past 52 weeks. On March 30, the company reported fourth quarter results ended Dec. 31, 2000, with revenue falling to $6.2 million from $14.7 million in the same quarter in 1999. It posted a fourth-quarter net loss of $20.8 million, or 71 cents a share, compared with a loss of $5.2 million, or 19 cents a share, in the year-earlier period. InterWorld also disclosed in the SEC filing a report by its independent auditor who raised concerns about the company's ability to continue. In the Feb. 6 letter, PricewaterhouseCoopers said the company has incurred, and expects to incur, additional substantial operating losses and expects its cash and working capital costs to rise as the company expands. The company also may be delisted from Nasdaq because its stock has fallen below the $1 minimum for 30 straight days. "These and other factors ... raise substantial doubt about the company's ability to continue as a going concern," PricewaterhouseCoopers said in the letter. 16:44 04-03-01

To: Mr. Pink who wrote (15100)	4/3/2001 6:47:22 PM
From: Mongo2116	Respond to of 18998

FLEX>> Oh Lord He Is Wise.....Oh Lord He Is Wise ;)

To: Mr. Pink who wrote (15100)	4/3/2001 7:13:18 PM
From: Mr_X	Respond to of 18998

Mr. P$nk- I have been getting hammered in the market lately and need something that will work very big very quickly to keep the shylocks at bay. What ya got for me this week? Much appreciated. Mr. X

To: Mr. Pink who wrote (15100)	4/3/2001 11:31:34 PM
From: rupers	Respond to of 18998

Mr Pink. I did alright. I jumped to shorting RBAK. Haven't covered yet. :)