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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: wonk who wrote (4329)10/4/1999 11:27:00 AM
From: Q.  Read Replies (3) of 7056
 
The Company also acknowledged the recent downward slide of the
company stock price in recent weeks. Reed stated, "Our mission as a
young and new public company that did not get millions in an IPO, is
to stick to the fundamentals and make a profit. We are doing that. We
can't operate a profitable business while consumed in a toe-to-toe
battle with bashers and negative news reporting. Let the numbers speak
for themselves quarter after quarter. We of course feel long term
investors will do well with Hitsgalore.com if they do what we do:
stick with the fundamentals and stay with company's that have a
business model that works and that are capable of making a profit."


Oh boy, there's lots of fun stuff in here. Let's take a look.


Our mission as a
young and new public company that did not get millions in an IPO, is
to stick to the fundamentals and make a profit. We are doing that.


Poor Dorian, he didn't get millions in an IPO. So he has to make a profit. He really is "doing that", isn't he? He does it, of course, by recognizing revenues from the place that is accused of running HYIP scams.


Our mission .. is
to .. make a profit. We are doing that. We
can't operate a profitable business while consumed in a toe-to-toe
battle with bashers and negative news reporting.


Well, either he can make a profit or he can't. Which is it?

Seems he can't make up his mind here.

Is the problem that he can't run a profitable business if he must recognize revenues in a reasonable way?

Will he eventually be force to do what some critics say is inevitable: recognize that the accounts receivable, the ones from the customer that is accused of running HYIP scams in order to buy herself a house, are doubtful?

Let the numbers speak for themselves quarter after quarter.

Does this really mean, "let the unaudited numbers be whatever we say they will be, quarter after quarter, through the device of electing to recognize whatever revenues we please from an institution that is accused of running HYIP "?


We of course feel long term investors will do well with Hitsgalore.com ...


Holy cow! You don't see this very often in a news release.

In this sentence, has Dorian Reed crossed a line that he should not cross? Is he recommending his stock in a news release by making a prediction of a positive return on investment?
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