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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Mighty_Mezz who wrote (4940)1/14/2000 4:02:00 PM
From: Jeffrey S. Mitchell   of 7056
 
HITT says it desperately needs money and urges the LFT to make an early payment. According to the Complaint, LFT's worth is not liquid except for perhaps an undisclosed amount of free-trading HITT shares as evidenced by the fact the LFT has sold shares during the lockup period which ends in April. Thus, it appears a possible way for the LFT to help, should they so chose, would be to sell HITT shares, assuming, of course, that they have any to sell. The volume today is five times normal and the price got cut down to $1 at one point. Does this "prove" anything? No. But if HITT announces the LFT has made an emergency payment to them it would be an interesting coincidence.

- Jeff
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