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


To: Q. who wrote (2364)6/20/1999 12:39:00 AM
From: Bill Ulrich  Read Replies (1) | Respond to of 7056
 
For Nidan or HITT?
______________________________
does anybody know who the directors of the company are?

Nidan: dunno - been looking everywhere and can't find a thing.
HITT: a few:

The new independent Directors are Melvyn Price, Jr., who brings over twenty years experience in Information Technology, including 13 years with E.D.S. (NYSE:EDS - news); Phillip L. Kaich, with over twenty years experience in real estate development and sales, and financial services, including employee benefit plans; and Daniel M. Grant who, for 19 years has been involved in some of the nation's more prominent construction projects, such as the Getty Museum.

biz.yahoo.com



To: Q. who wrote (2364)6/20/1999 2:50:00 AM
From: Mighty_Mezz  Read Replies (2) | Respond to of 7056
 
John - Directors and officers, acc to the 5/26/99 10K, are:

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

The names and ages of directors(including the year in which each became a
director) and executive officers of the Company as of the date hereof are set
forth in the following table:

Director
Name Age Positions With Co. and Subsidiaries Since
---------------------- --- ----------------------------------- --------

Edwin B. Salmon, Jr. 60 Chairman of the Board of Directors 1991
and Chief Financial Officer

James T. Kowalczyk 57 Director and President 1997

Richard A. Sweet 64 Director 1997

Larry R. Snapp 52 Director 1997

Hugh M. Gibbons 57 Executive Vice President N/A

N/A means the named executive officer is not a director.


Janice - Yes, they did file an 8K when Ernst & Young LLP resigned as auditors. The did not file one when the new auditors came aboard.

Interestingly, when Ernst and Young found out about Reed, they disavowed prior reports. This, from the most recent 10Q of 6/4/99.

Item 5. Other Items

The Company has requested the permission of the Securities and Exchange
Commission to withdraw its amended Annual Report for the year ended December
31, 1997 and its Annual Report for the year ended December 31, 1998, both of
which were filed on May 26, 1999. On the day following the filing of these
annual reports, the Registrant was notified that the predecessor auditor, who
reported on the financial statements of the Company for the year ended 1996,
would not permit its audit report to be associated with any filing of the Registrant. The reason given by the predecessor auditor was the voluntary
disclosure of certain matters by the Registrant regarding Mr. Dorian Reed, a
principal stockholder,....

[emphasis added]

[And the company is trying to say that three people posting the truth on the internet is what brought the share price down?? Please!!!]

Attention longs. Put your emotions aside. When an auditor [especially a big name house] quits and won't let past audits be associated with any filing of the company, it's a big hint that something's rotten in the financials. I do hope you get out with at least *some* of your capital before it hits the fan.

...Mezz - Congratulations to the Dallas Stars on their first Stanley Cup. [grrrr]