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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Janice Shell who wrote (4585)10/28/1999 5:58:00 PM
From: Q.  Read Replies (3) of 7056
 
Peter Foley, CRD# 210650, has a new job at a broker/dealer.

The NASDR told me that on Oct. 14, he took a job with Donner Corp. Intl., which is a broker/dealer headquartered in Los Angeles.

That was about a week after HITT announced that a Pete Foley, with the Amrhein Foley Group, would help them get $1.5 M cash by early November, and set up a joint venture.

I called Donner and verified that this Peter Foley is the same guy as the Pete Foley who was affiliated with Amrhein Foley. The Donner official I spoke with was familiar with Foley, but he wasn't sure about the status of Foley's license or whether his employment with Donner was finalized. He sounded a little suspicious that I was inquiring, and he mentioned some paperwork that isn't complete.

The Donner official didn't seem to be familiar with Hitsgalore, when I told him about the news release. He described Donner's business to me as investment banking for small cap companies, especially "introducing" them to investors. When I asked him if that included private placements, he said yes.

A quick search of altavista shows that Donner has issued newsreleases recommending a stock trading for $1.

Donner has a website at www.donnercorp.com
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