HITSGALORE.COM (HITT) Message Board

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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Mighty_Mezz who wrote (4816)	12/22/1999 4:23:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) of 7056

The first of the three consolidated lawsuits against Hitsgalore.com was filed only two days after the issuance of a Bloomberg article which falsely implied that the Company fraudulently failed to disclose in a February 1999 filing with the Securities and Exchange Commission the existence of an FTC complaint brought against Dorian Reed and others relating to Internet Business Broadcasting, Inc., an online advertising company that closed in 1997 with which Mr. Reed was associated. The Company's stock price decreased dramatically as a result of that story. This is from the PR from HITT you cited. Notice how HITT blames their declining share price on Bloomberg, not the people they sued for defamation. Speaking of frivolous lawsuits... - Jeff

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