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

To: jjrocket who wrote (2086)	6/16/1999 5:07:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 7056

The PR says that Reed wasn't a director/officer/etc when they filed the papers, but became one later? In my opinion, I think the market was reacting to the fact that the major shareholder and director of HITT was a convicted felon, not the fact he may have failed to disclose that in a past filing. My guess is the only people who might care about whether there is a disclosure issue would be the SEC. - Jeff

To: jjrocket who wrote (2086)	6/16/1999 5:20:00 PM
From: Janice Shell	Respond to of 7056

However he did resign pretty quickly didn't he? You have to commend him and/or management for that. Well, he didn't really have much choice, did he? I don't feel the Noble Resignation has any importance at all: he's still majority (60%) shareholder, and was still, well after the revelations came out, characterized as a "key person". He has control. Is that desirable? The PR says that Reed wasn't a director/officer/etc when they filed the papers, but became one later? This is just my own opinion, and just a guess; we'll all have to do some homework. But--as noted in the PR, HITT was (and, according to the state database, still is) a Nevada company. Reed wasn't an officer. Again, just my opinion, but I'd guess that given his past, he didn't want his name on public records. He is, however, an officer of ReportsGalore, the company he ran with Steve Bradford after IBB and prior to the incarnation of HITT. Since at the time the merger with SCMI took place HITT wasn't a public company, there may not even have been a board of directors. But was Dorian at that time the majority shareholder, as he is now? Don't worry. I don't sue people. They sue me. And will, I hope, one day regret having done so.