Posted by WIZZARD on May 11, 1999 at 08:09:42:
Jaw-dropping news at last, and the type of news least
expected after HITTs just recieved a $10M financing.
I assume that everyone is happy, except for a small
group of shorters, a situation I will address in a bit.
$100M- thats 100 million dollars! Not a small sum at all.
I have to hand it to management, they are on a mission.
Frankly, I was expecting a PR on a fundimental development
for the web sit. What a surprise when I got a call in the
morning from a broker. He said "there is news on the
wires on HITTs". I said "what is it". He read to me the
first sentence. My jaw promptly crashed onto my desk.
I have reason to believe that this fuel dragster (HITTS)
has just left the starting line. One can only imagine
what services one can develope for a website with $110M.
Let me state something from the PR from Steve Bradford.
" This commitment will add to the financial strength
of the company, and will help us bring to market---NEW
TECHNOLOGIES CURRENTLY UNDER DEVELOPMENT---". My gosh--
I wonder what that could mean? New technologies? Do you
remember Solvere? Didn't they do some work for some large
NASDAQ companies? Or maybe- another aqusition, a joint
venture, or a merger. I know one thing as a fact; $110M
can generate megatons of very positive news on any day.
I also have reason to believe that several national
daily and weekly news papers and financial magizines
will be having very positive articles out on HITTs soon.
I am looking for more very positive developments from
the company again any day. The please me meter reads 100%,
or should I say $110%. I see that there is some negative
posters on RB, or obviosly, a small group short the stock.
I did some DD on the situation with Dorian Reed several
weeks back. It amounts to about a hill of beans with
no beans. One or two shorters on those message boards
can make a lot of noise. I know the game well and
can say that over the past several weeks that we have
played these gentleman like a fine $50,000 fiddle. I can
can only say that I am pleased to hear them squeeling
like stuck pigs as the hot red blood squirts twenty
feet in the air. Tone it down-you are so obvious- you are
ruining our fun. As I told a money manager friend of mine
yesterday, what would we do without naysayer and short
players. They sure make things exciting at just the
right time. God loves you people. We do to...and
Happy Investing...WIZZARD
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