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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: bob sims who wrote (1790)6/4/1999 11:42:00 AM
From: BORIS BADENUFF  Read Replies (2) of 7056
 
Isn't this about old SCMI ? The accompanying consolidated financial statements have been prepared
assuming that Hitsgalore.com, Inc. (formerly Systems Communications, Inc.)
and Subsidiaries will continue as a going concern. As more fully described in
Note 3, the Company has incurred operating losses during the year ended
December 31, 1996, and has a working capital deficiency and stockholders'
equity deficiency at December 31, 1996. In addition, the Company has not
complied with certain repayment terms of loan agreements. These conditions
raise substantial doubt about the Company's ability to continue as a going
concern. The consolidated financial statements do not include any adjustments
to reflect the possible future effects on the recoverability and
classification of assets or the amounts and classification of liabilities
that may result from the outcome of this uncertainty.

What is it about this that I don't understand???? chuckle
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