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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: dumbmoney who wrote (3450)8/16/1999 6:03:00 PM
From: Q.  Read Replies (2) of 7056
 
"stamps ... given away as free prizes in specially marked boxes of breakfast cereal."



Now there's a business opportunity for HITT. If LFT fails to come up with the cash, and HITT forecloses on the stamps, it can give them away in boxes of cereal. Then it only has to figure out a way of recognizing revenue on this scheme.

What a relief. I was worried about the possibility that the stamps might not have any use at all.

On a more serious note, the article you cited does seem to make it clear that there are literally tons of bad Aden stamps floating around:


713 crates of stamps - issued by governments in Aden, the Trucial States and similar Arabian locales - weighing about 100 pounds each.
... Dick Sine, editorial director of Scott Publishing, publisher of the reputable Scott's stamp catalogue ... explained, "We don't list any of them. We question their legitimacy." While they may look, smell and taste like stamps, "they just don't quack".


It would be really interesting to see a provenance for LFT's stamps. Where they came from, who owned them previously.

Are they the same as the tons of stamps owned by the Vancouver stock promoters 10 years ago, as described in the story? I would like to know.
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