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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (938)	5/1/1999 1:14:00 AM
From: Blue On Black	Read Replies (1) \| Respond to of 3795

So.... For the 'night and day' contrast.....the Webnode3 paid for a release to influence the non-existent price of a non-existent company that could have been checked by looking for a non-existent ticker symbol. Not to mention the overt humor on the site. But on the other hand....it is OK to take payment to issue patently false releases from 'scam' companies that have no intention of living up to anything in the release? I recognize the 'fraud' of the PAIR release...but would it have been OK if was was a paid release? Would someone have run it? For a fee? And checked it later? I am a little dense. What am I missing here? You have to have a symbol to lie to the public? I would appreciate your insight. lee

To: Bill Ulrich who wrote (938)	5/1/1999 1:29:00 AM
From: JustJohn	Read Replies (4) \| Respond to of 3795

Bill, You listed 3 points in your message... 1. A distinct effort was made to forge a release from a real agency. 2. A publicly-traded company and its stock price were clearly detrimentally affected by his actions. 3. Real investors were harmed (at least one investor purchased PAIR shares as a result of the report). Let's look at number 3. for a second. Let's suppose that we had an investor that caught part of the release and wanted to jump in on the stock in a big hurry. Now we all know that there really was no such stock, but what if that investor, in his haste, sold a block of stock that he owned so he could buy the non-existant stock? And just for kicks, let's say that the stock he sold happened to be down a bit when he sold, but made an amazing gain back very shortly after that. Could that person have been hurt financially? John