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Pastimes : NEIP - A lesson in how to lose a fortune with market order

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To: Wayne Rumball who wrote (10)11/16/1999 12:19:00 AM
From: Jim Bishop  Read Replies (2) of 20
How'd it start? Appears to have been a rumour of takeover by LGC Wireless started on Yahoo, taken up on RB, then Bobz and SI.

Just dicking around with NEIP, may as well post it, in case anyone is interested. NEIP probably a bankrupt printing co. with buildings for sale, and basically a shell now.

RB thread is fun to read, from last Saturday on. This was the first RB post in two months.


NEI Webworld Inc.
4646 Bronze Way
Dallas, TX 75236
Phone:(214) 330-7273
Industry:Printing Services
Officers: Barry B. Conrad, Chmn.
Richard J. Wiencek, Pres./CEO
Andrew P. Swan, COO
William K. Daniels, VP/CFO/CAO
Charles B. Combs Jr., VP.

Equity: Common Stock $.01 Par, 8/98, 20M auth., 3,719,778 issd. Insiders control 51%.
Initial Public Offering: 5/97, 1,000,000 shares @ $5.50 by First London Securities Corp. (As of 3/98) ST debt: $2M @ Prime + 1.25%; LT debt: $3.2M @ Prime + 1.5%, $2.7M @ 8.19%, $119K in capital leases.

Analyst Footnotes: 10/98, Company delisted from NASDAQ to Pink Sheets.
Shares outstanding prior to IPO are pro-forma. FY'97 financials are reclassified.

"An order has been issued granting the application of the Boston
Stock Exchange to withdraw from listing and registration NEI
Webworld, Inc. Common Stock, $.01 Par Value and Common Stock
Purchase Warrants. (Rel. 34=40897)"

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