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Technology Stocks : PWEB - Pacific WebWorks.. FrontPage for Businesses? -- Ignore unavailable to you. Want to Upgrade?


To: JOHN B FAIRBANKS 1V C.P.A who wrote (63)6/1/1999 4:23:00 PM
From: Paul Pry  Read Replies (1) | Respond to of 76
 
John...You are sure correct about someone dumping their stock. That was obvious from the first trading day! when PWEB went from $20 to $10. Whoever it was made a killing!!

Without going back and looking it up, I think the stock traded around 1.5 million shares on the first day. I would bet this person that had the free-trading stock would have had to probably dump a good 600k shares. At the average price of $15, you do the math. NICE DAY!! As if that is not enough, the dumping continues.

In a reverse merger like PWEB, I would suspect the only ones to have free-trading stock would be the: 1)investment banker 2)whoever put up the money 3)whoever had control of the previous shell.... It could be three different people or one person could have done it all. Find this person/persons and youve got your bad guy/guys.

PAUL