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

To: bob sims who wrote (2389)	6/20/1999 2:10:00 PM
From: Mr. Pink	Respond to of 7056

What a joke: -(BUSINESS WIRE)--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. The Subscription Agreement formalizes an earlier Agreement in Principal between the parties. Under the terms of the Subscription Agreement the Trust will pay $100 million cash to Hitsgalore.com within one year. The Subscription Receivable will be secured by an assignment of certain assets held by the Life Foundation Trust. The Subscription is a binding legal obligation of the Life Foundation Trust. The stock to be received by the Trust following shareholder approval will be restricted, and held by the Trust pursuant to a lock-up agreement. How much money is sHITTs Galore raising now? Where is the appraisal of the $100mm in assets? How seriously do you think they are about ever ponying up the cash. What are the backgrounds of the principals of the Life Foundation Trust? These are some of the questions that will be demanded in the discovery process of sHITTs Galore v. Mr. P$nk et al. Cant' wait to unleash His army of litigators on the company. They are waiting like rabid dogs to commence their protological examination of each and every member of the sHITTS galore charade. Mr. P$nk