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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Janice Shell who wrote (4910)1/12/2000 6:29:00 PM
From: Mighty_Mezz  Read Replies (3) of 7056
 
ROFL!
At the end of June, HITT had $273,000 cash, according to the Q2 10Q.
At the end of Sept, HITT had $90,000 cash, according to the Q3 10Q.
At that burn rate, HITT ran out of cash 6 weeks ago.

I guess that's why this is in the Q3 10Q:
===paste===
Until the Company receives the cash payments from the LFT transactions, the
possibility exists that cash flow difficulties could arise. Therefore, the
Company has re-opened negotiations with LFT to provide part or full payment in
January 2000. The Company plans to make public the results of its negotiations
as soon as an agreement in principle is reached. In the mean time, the Company
anticipates meeting its cash flow short falls from operations by entering into
short-term borrowing or other financing facilities pending receipt of the LFT
monies.
===endpaste===

...Mezz - I hear it's easy to get a credit card from Wingspan bank. LOL!
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