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

To: bob sims who wrote (3424)	8/16/1999 11:17:00 AM
From: Q.	Read Replies (1) \| Respond to of 7056

Bob, re. <<The news release reaffirms that HITTs is making money.>> No, Bob. It reaffirms that THEY SAY that HITTs is making money. There is a difference. What reason do you have to believe somebody: * who was convicted of fraud * who tells you that his company is making money * who asks you to accept his word on it, without independent auditing. Without using an auditor, the company has plenty of latitude to report a profit, even if it burns cash. One way that it can do this is by recognizing the so-called local city edition revenue from LFT, even though LFT doesn't have to pay for a year and even though the company has presented no independent verification that LFT will ever have the capacity to pay. In this manner, they can report whatever profits that they like.