Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Q. who wrote (2669)	7/1/1999 11:59:00 PM
From: wonk	Respond to of 7056

ww, re. "allegedly misleading investors" He wouldn't do that again, would he? I'm in a quandry. Who to believe, Mr. Reed, the Company's recitation of his story or the FTC? ...In a press release issued Tuesday, Reed said he thought the matter was resolved and he was unaware that the FTC had taken any further action or sought a judgment. "More than one year ago I received the complaint from the FTC. I personally responded without the aid of a lawyer and I denied all allegations. I have heard nothing since I responded and I assumed the matter was taken care of last spring," said a statement attributed to Reed. Not true, says Harrington, of the FTC. "Mr. Reed was personally served with the complaint and the summons in this case, and all of the subsequent motions and pleadings that we filed were sent to him either by registered mail or by courier, "Harrington told Dow Jones. "He wrote 'refused' on them and refused to accept them." This continued for a short time, Harrington said, until Reed moved and refused to leave a forwarding address. "There came a time that communications and pleadings that we sent to him were returned by the Postal Service indicating that he moved and left no forwarding address," she said. The record of Reed's failure to respond "was before the court when the court entered the default judgment," she said. Harrington also disputes Reed's claim that he responded to the complaint without an attorney. "Initially he was represented by an attorney in this case and dismissed the attorney," she said. "So certainly at the commencement of this action, when he received the complaint and summons, he had benefit of counsel," she said.... exchange2000.com Time will tell.