Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Bill Wexler who wrote (89736)	1/25/2005 3:48:18 AM
From: Bill Ulrich	Read Replies (2) of 122087

Bill, There may have been some method to his thought. I'm thinking of May 99's HITT. When (CEO) Dorian Reed's FTC problems came to light in the Bloomberg article of May 1999, HITT took a huge whack. It was a $800 million market cap trading around $20 at the time. HITT dropped 50% one day, and continued a rapid decline afterwards. Dorian's FTC convictions were difficult to find at that time, though. And the SEC was never involved until much later, when the stock was ... I think maybe 2 bux. So, exposing the CEO isn't always fruitless. In the case of HITT, it made a big chunk of change. But I do agree with you more frequently it is not that way. He met Royer later on in 1999. Perhaps his thinking was along the lines of "Maybe every POS could be a HITT". So, continue that with a new contact (Royer) who might have access to difficult to find info and ... >> "Exposing their CEOs as criminals would do little, if anything to move the stock price."

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