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   PastimesNEIP - A lesson in how to lose a fortune with market order


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To: Jim Bishop who wrote (6)11/15/1999 10:01:00 PM
From: Wayne Rumball
   of 20
 
Classic case of MM F&*( fest

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To: Wayne Rumball who wrote ()11/15/1999 10:29:00 PM
From: Wayne Rumball
   of 20
 
Now just in case anyone is mistaken, I did not lose anything on this stock.

However someone probably lost their house.

This is a classic example of MM BS worthy of the SEC's attention.

EVERYONE, TOMORROW I WILL POST THE SEC COMPLAINT FORM LINK, USE IT

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To: Wayne Rumball who wrote (10)11/15/1999 11:22:00 PM
From: Vision21
   of 20
 
I may lose out on some good plays because I will not use a market order to buy. However, I know that the M M are not going to rip me off. I guess it is like safe sex!!!

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To: Wayne Rumball who wrote (10)11/16/1999 12:19:00 AM
From: Jim Bishop
   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.

ragingbull.com

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.

ragingbull.com

ragingbull.com

ragingbull.com

History:

biz.yahoo.com

NEI Webworld Inc.
4646 Bronze Way
Dallas, TX 75236
Phone:(214) 330-7273
Sector:Services
Industry:Printing Services
Employees:148
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.

otcbb.com

jefren.com

"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)"

marketguide.com

bobz.com


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To: Jim Bishop who wrote (12)11/16/1999 8:07:00 AM
From: Wayne Rumball
   of 20
 
Yes it seems the LGC wireless rumor started the whole thing.

The whole affair is simply unbelievable.


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To: Wayne Rumball who wrote (13)11/16/1999 1:03:00 PM
From: RichBear
   of 20
 
Try to find this Co. No listing in Dallas? Phone disconnected. And people are still buying. unbelievable!!!JMHO.

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To: Jim Bishop who wrote (12)12/15/1999 7:44:00 PM
From: Arcane Lore
   of 20
 
Per KNBC in Los Angeles:

Alleged stock manipulation

LOS ANGELES, Dec.15 - Federal charges were filed on Wednesday against two men who allegedly used UCLA computers to post false Internet takeover messages to drive up the value of shares they held from 13 cents to more than $15.

Arash Aziz-Golshani bought 20,000 shares of NEI Web World on Nov. 12, and Hootan Melamed purchased 50,000, according to the complaint.

Over the next two days, the men allegedly used UCLA computers and aliases to post numerous messages on bulletin boards on Yahoo! and Raging Bull, falsely reporting that NEI was being bought by another company.

As a result, federal authorities say, the price of the NEI stock jumped more than 115-fold.


msnbc.com

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To: Arcane Lore who wrote (15)12/15/1999 8:23:00 PM
From: Arcane Lore
   of 20
 
U.S. Charges Three Men With Web Stock Manipulation

quote.bloomberg.com

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To: Arcane Lore who wrote (16)12/16/1999 1:50:00 AM
From: Jim Bishop
   of 20
 
And there we have our answer. But the schmucks, that put in market orders, well.......some lessons are only learned, the hard way.

Thanks.

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To: Arcane Lore who wrote (16)12/16/1999 6:52:00 PM
From: ztect
   of 20
 
Link to link w. SEC action...

Message 12309112

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