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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: BORIS BADENUFF who wrote (1215)5/14/1999 2:02:00 PM
From: Janice Shell  Read Replies (1) of 7056
 
I don't know what I'm gonna do with you, Boris. I swear a con artist could literally stick his hand in your pocket and you STILL wouldn't get it. Here are a few reasons the SEC might shut this pig down:

1. Material misrepresentation on their Form 15c2-11.

2. Material misrepresentation in a number of press releases. (Porn-free site, lolol?)

3. Critical questions about the nature and constitution of the Life Foundation Trust. Bill Wallace's interview with Bloomberg clearly made things worse on this front.

4. Dorian Reed's involvement with both IBB and HITT. Add to that the fact that he chose not to be an officer of either, but used a front man in both cases. Why? What was he up to before IBB?

5. Dorian Reed's involvement with Steve Bradford's I Wonder Technologies. Remember: "Reportsgalore" turned into "Hitsgalore".

6. Contradictions, demonstrated on this thread by WW, in earlier SEC documents.

7. The fact that pyramid schemes are always, ah, problematic, and often illegal.

8. And of course: Reed may have resigned as director, but he still owns most of the stock in this company.

I could go on, but why you haven't worked this all out for yourself is way beyond me. What unbelievable bumblers. Reed couldn't even bother to move to a new city when he'd been caught once. Thought returning the mail and moving a few blocks away would do the trick.

Hopeless. But undoubtedly they've made quite a bit off this one so far; just weren't nearly careful enough. They're lucky to have Barnum on their side.
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