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

To: bob sims who wrote (3375)	8/11/1999 12:56:00 PM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 7056

Still can't find the A of C, but in the 10K I find this: Each director is elected by holders of a majority of the Common Stock to serve for a term of one year ending on the next following annual meeting of stockholders and until his successor is elected and qualified. freeedgar.com In the same 10K, it says that Dorian Reed holds 59.9% of the stock. Reed is the majority, so it would seem he can single-handedly retain or oust directors as he sees fit. Could this be why they voted to put Reed back in charge? Doesn't quite fit my dictionary's definition of "independent." wordsmyth.net ...Mezz -