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


To: bob sims who wrote (2147)6/17/1999 12:39:00 PM
From: wonk  Read Replies (2) | Respond to of 7056
 
...HITTs did notify the public through their press releases...

The Company only notified the public via its press releases after the information about Mr. Reed had been revealed. This does not constitute timely disclosure under the Act.

...I really don't know if they even had to in the first place.

I provided the links to the applicable law. 15 days after the reverse merger occurred the Company was required to notify the SEC of the change in control.

Why is it so hard to read the law provided to you?

What is there not to understand?

Why do you choose to be an ostrich?

The reason why people give you a hard time is that information is provided which would cause any reasonable man - in the legal sense - to question the integrity and forthrightness of this Company. Even if one ignores Dorian Reed's (the controlling shareholder) prior business practices and citations under civil and criminal law, HITT's filings are replete with questionable practices, e.g., failure to get shareholder approval for the merger or selling LCEs with promises of payment which may be construed as a sale of unregistered securities. The failure to file the 8Ks is another instance or questionable practices (Where was the 8K for the Solvere transaction?)

Look for the beam in your own eye before complaining about the so-called "bashers."



To: bob sims who wrote (2147)6/17/1999 1:10:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 7056
 
HITTs did notify the public through their press releases. I really don't know if they even had to in the first place.

Excuse me. Did you actually read Wonk's post? He explains quite clearly what the company's obligations in this matter were.