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

To: bob sims who wrote (2678)	7/2/1999 12:26:00 AM
From: Q.	Read Replies (4) \| Respond to of 7056

Bob, do you think MUCP (another Moore Stephens client) would be a good short? Here's a hint: stockdetective wrote them up: techstocks.com Do you think that all of their clients will see their market caps revert to the $4 M level of Action Products quote.yahoo.com

To: bob sims who wrote (2678)	7/2/1999 3:29:00 AM
From: dumbmoney	Respond to of 7056

I'm glad you brought up the topic of stock manipulation, Bob. Do you think Steve Bradford, CEO of Hittsgalore, was trying to manipulate the price of HITT by announcing a $10 million "investment", without disclosing that HITT would receive no cash from this so-called "investment" for at least 12 months? Here's what Steve Bradford said on April 16: "We are certain that this investment will help Hitsgalore.com gain valuable market share through the advertising campaigns we have planned. We will also be able to continue our development and expansion into other exciting technologies that are now being readied for release, many of which should occur by the end of this quarter." Steve Bradford is stating very clearly that the "investment" will help HITT fund its near-term initiatives, including developments "this quarter". But how can that be true, given that they won't receive the cash proceeds from the so-called "investment" for at least 12 months, if ever? At the time Steve Bradford made the statement, nobody outside of HITT knew the true nature of the "investment". On April 21, Steve Bradford bragged about the dramatic effect that his statements had on the stock: "The market has reacted favorably since the investment was announced on April 16, 1999. At the time the investment was negotiated, the trust was acquiring Hitsgalore.com stock at virtually no discount from the market value. That market value has now nearly doubled, and we are confident that the trust is pleased and will favorably consider other significant transactions with Hitsgalore.com."