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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations

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To: Kimberly Lee who wrote (334)2/24/1999 11:39:00 AM
From: Gary Lutz  Read Replies (1) of 546
 
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By: steve508ma
Reply To: None Wednesday, 24 Feb 1999 at 11:10 AM EST
Post # of 199


PhoneCall with Ed
With the precipitous drop in stock price this morning, I called Ed Salmon. He said everything was fine with SCMI. Many calls from investment community regarding Hitsgalore merger! Ed wanted to reiterate that fact that SCMI does not pay Hitsgalore $1,000,000.00 pursuant to the merger agreement. The money that comes into SCMI on the exercise of the warrants will be used to pay down SCMI's debt. Ed is going to california this weekend to finalize the terms of the deal. The deal will be completed by the latest March 15, 1999. Next week we will have major announcements regarding both the SCMI-healthcare division and Hitsgalore division. I bought 10,000 more at .22 this morning. For every 6 shares of SCMI (which is stronger than ever...big contracts coming soon) we get 1 shares of hitsgalore )IMO will be at $5.00 quickly. I dont have access to Silicon Investor, thus would someone be kind enough to post this on SI so that I can dispel the rumor of the 1m payment that SCMI does not have to make!
steve



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