HITSGALORE.COM (HITT) Message Board

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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Mighty_Mezz who wrote (4641)	11/6/1999 3:04:00 PM
From: Tom Terf	Read Replies (2) of 7056

Mezz.. I wonder how Jeanette Whilcher's report to the LFT will handle the HITT debacle. She must report this transaction to the group as trustee I believe. Basically, she has committed cash/assets worth $ 110M for a captial investment worth only about $ 8M. This is a 88 % loss of capital came within a 6 month period, so the annual rate of return for the LFT is truly abysmal. I wonder if she will even be able to keep her position as trustee ? Unless, she made some other investments which provided better returns. Maybe she used the LFT funds to buy into some of these recent IPOs which skyrocket 400 % on the first issue day ? Yeah, that must be it !. Anyway, after the Foley boys soil the stock further, she is looking at a loss in the 98-99 % range, even before April 2000 when the $110M payment is due. Mezz, I really wonder if LFT will come through for HITT and keep their financial commitment ? The Steet apparently doesn't think so, that is why HITT sells for under $110M in market cap. Actually well under ..if you do the math. It's entirely possible that they may need to sue LFT to get the money. After all, a deal is a deal. Maybe then they might stop suing the bashers, eh ?

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