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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Bear Down who wrote (5250)	3/29/2000 3:18:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 7056

Re: Rule 701 From an article cited by the Truthseeker: Taking note of the SEC action as early as March 5, the Institute issued an "Executive Alert" to its members, calling attention to the restated SEC rule and stressing that "consultants who provide investor relations or shareholder communications services" may not be compensated in stock or options in lieu of cash for their services. Says the Institute's [National Investor Relations Institute] president and CEO, Louis Thompson, "the companies that engage in this sort of thing aren't investor relations firms at all. They're stock hypers and promoters trying to hide behind a veil of respectability. It's disgusting." Message 12306116 From the Merger Communications web site: Unlike traditional public relations and investor relations firms, Merger offers unprecedented flexibility in the way its compensation can be structured. In addition to cash only compensation, Merger can also accept part or most of the compensation in stock or warrants, meaning that companies with limited cash resources can avoid large cash expenditures. mergerusa.com./compensation.html For HITT's sake, I hope the deal with Merger Communications is all cash. - Jeff

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