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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Mighty_Mezz who wrote (4617)11/1/1999 10:32:00 AM
From: Janice Shell  Read Replies (2) of 7056
 
HITT has only 796,840 shares of common left to issue from the total authorized. If they do a PP with convertible preferred, look out below!

Thanks for the reminder; I'd forgotten how little authorized they had left. They were gonna take a vote on increasing it, weren't they, lolol?

Something else has occurred to me. Last night a poster at RB asked when the first LFT announcement was made with relation to the appearance of the first Bloomberg article. As we know, the LFT announcement came out on the 10th, the Bloomberg article on the 11th.

Might it be that the LFT PR was released prematurely, with the hope that it'd deflect attention from the Bloomberg piece? HITT knew that an article was in the works; the reporter noted that "Reed refused to be interviewed when asked for comment".

So did the Bloomberg investigations force HITT's hand? Were they forced to throw together that looney LFT deal in a rush?
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