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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (2043)6/15/1999 8:18:00 PM
From: Lola  Read Replies (2) | Respond to of 7056
 
Hi Janice, may I ask a stupid question?... I'm just curious.

With a crazy press release like the one HITT put out today, why would the SEC not consider halting the stock until they got to the bottom of things? It would be the wise thing to do so that new investors wouldn't get trapped in case there's something weird going on with the company.

A press release like this one should be a major red flag for regulators. Why are these things allowed to continue happening time and time again?

I have to say that from what I've observed on the Nasdaq BBs that it appears no better than what exists in very corrupt third world countries. When the hell is this going to change?

I'm just looking in as an outsider... I'm a Canadian... but I'm not naked or short or short and naked. So please nobody call me the "evil naked Canadian short". PLEASE don't do that. <ggg>

TIA

Lola:)

June 15, 1999-- Hitsgalore.com, Inc. (OTC BB:HITT) today announced that it has received and accepted a Subscription Agreement from the Life Foundation Trust for an equity investment of $100 million for five million shares, or $20 per share.