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: Bill Ulrich who wrote (2888)	7/23/1999 11:39:00 AM
From: Q.	Respond to of 7056

re. <<Dorian's Title Maximization Framework: Mon: Senior Executive Tech Dude Tue: Director of Technology Wed: Captain of Techie-Sounding Stuff Thur: Chief Technology Officer Fri: Master Pyramid Engineer Sat (1/2 day only): FTC Poster Boy>> See the next post.

To: Bill Ulrich who wrote (2888)	7/23/1999 11:41:00 AM
From: Q.	Respond to of 7056

"Dorian Reed, Chairman and Chief Technology Officer, said, ''It is exciting for us to continue to be profitable," that's an excerpt from the latest news release, which bob no doubt will spam at least 20 times: biz.yahoo.com Funny. On July 13 he was listed as Director of Technology. The previous week he was Chief Technology Officer. Now he's Chief Technology Officer once again, and Chairman too. I've forgotten now. Who was the previous guy listed as Chairman?

To: Bill Ulrich who wrote (2888)	7/23/1999 11:44:00 AM
From: Q.	Read Replies (1) \| Respond to of 7056

Looks like HITT got confused about its ticker symbol in its latest news release: RANCHO CUCAMONGA, Calif., July 23 /PRNewswire/ -- Hitsgalore.com, Inc., (BB: HITS) has announced preliminary revenues and expenses for the 2nd Quarter, the three months ended June 30, 1999. FWIW, nasdaq stock Musicmaker.com is the real owner of the symbol HITS.

To: Bill Ulrich who wrote (2888)	7/23/1999 11:48:00 AM
From: Q.	Read Replies (1) \| Respond to of 7056

Another interesting thing about the latest news release, which boasts about top-line growth, is that some unknown, but probably large, portion of that top-line growth is attributable to the non-cash revenues that they are recognizing from the local-city edition sales to LFT. LFT doesn't have to pay cash for a long time, but HITT is recognizing revenue as soon as it brings its LCE's online. Of course the LCE's don't amount to anything useful as a website, but that doesn't matter. We'll probably see more news releases like this one in upcoming quarters, as they recognize more of the $10 M non-cash revenues from LFT.