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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Jeffrey S. Mitchell who wrote (5093)2/22/2000 2:54:00 PM
From: Q.  Read Replies (3) of 7056
 
Yes, that is the scenario that I think is the most probable of the three - the first check will be good, but later on, not.

As to where she could get $3.5 M, could it be that she still had most of the $3.3 M of Gillaspie's? That could be supplemented with funds either from HITT stock sales, as you speculate, or from a subsequent "investment client." If that were the case, then it would be unlikely that subsequent big checks would be good. Anyway, I don't think it's necessary for her to sell $3.5 M of HITT stock in order to write a check for that amount.

We'll know eventually ...
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