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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Pluvia who wrote (365)5/10/1999 11:06:00 PM
From: surelock  Read Replies (1) of 7056
 
Market cap of $1 billion may be a tad on the high side.

"Following the reorganization of the Company, as described in the
preceding paragraph, Hitsgalore, a privately owned company, is to be
merged into the Company in exchange for the conversion of all of the
issued and outstanding stock of Hitsgalore into 37.675 million shares
of the Company's common stock. The Reorganization and Merger Agreement
also provides for the issuance of up to an additional 4.0 million
shares of the Company's common stock to consultants and professionals
rendering services in connection with the proposed reorganization and
merger and for acquisition costs and fees. Following the Merger, the
name of the Company is to be changed to Hitsgalore (hereinafter
referred to as the Company or Hitsgalore) and assuming consummation of
the Reorganization and Merger Agreement, the Company will have
approximately 49.675 million shares of common stock issued and
outstanding."

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