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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Q. who wrote (4965)1/17/2000 11:00:00 AM
From: Jeffrey S. Mitchell   of 7056
 
You see, the people who do that kind of financing are interested in getting their money out in much less than a year.

90 days is the norm, maybe 60 in some cases. But you forget one thing: companies that do toxic (floorless) convertibles don't wait the full restriction period. They short against their stock from day one. Oh, excuse me, they allegedly short against the stock. The fact the stock rolls down a hill after that is just coincidence ;^). Furthermore, by the time the funding is announced to the public, the stock price has already taken a major hit.

Given that, it truly is interesting that HITT hasn't found a suitor by now... or have they?

- Jeff
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