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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: slaffe who wrote (773)8/3/1999 6:55:00 PM
From: Jack Hartmann  Read Replies (1) of 7056
 
Life Trust Foundation has too many questions for me.

I did call their number to ask about the stamp collection. They wanted all my particulars to "get back with me". (I get enough junk on e-mail and phone calls).

I went to the website instead at lifetrustionfoundation.com
Per the only press release, "the fundamental purpose of the trust is to generate funds with which to meet various charitable objectives"

Per the SI replied to:

"I have just returned from the offices of Life foundation trust.
As I suspected, the trust is a group of private investors that wish to retain their anonymity. They are just like you or I (except with a whole lot more money). They made their offer of $100m in marketable securities for 4m shares simply because of the fact that if they were to have bought 4m shares on the open market that it would drive the price beyond $25. I was assured that they are going to complete this transaction and we can be expecting a pr from them to this effect. It would not surprise me if this pr is released before I finish typing."

Was this an SEC "pump and dump" release per www.sec.gov?

IMHO this doesn't sound like a charitable trust. I wish I could see the financial data on the trust. I would like to know how much $$$ is give to charity vs. $$$ for trust management cost. Usually charitable trusts put out press releases on charitable giving, not investor in a stock.

Also, the LFT Press Release states a cash flow of $1.5 Million from oil and gas leases in Central Texas. Where are these oil wells at? It doesn't even mention the stamps.

I will not post anymore on HITT until I get some answers. (Very little on the merits of HITT anyway.) I thought the stock might be a turnaround play after dropping 75%, but there are too many questions unanswered. The HITT concept is worth watching, but if they can't get NASDAQ listing, then this will be one of many rising stars that fell short. Jack
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