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

To: BORIS BADENUFF who wrote (3600)	8/23/1999 6:46:00 PM
From: Q.	Respond to of 7056

Looks like they were "profitable" only because they chose to recognize $1.25 M receivables from LFT during the quarter. Otherwise it would have been a big loss for the quarter. Moreover, it appears to me that their revenue not derived from LFT fell in Q2, as compared to in Q1. In Q1 they reported $463 k revenue, and in Q2 the non-LFT revenue appears to be only $186 k. That looks like bad news to me. "As of June 30, 1999, the Company has outstanding LCE receivables from LFT totaling $1,250,000." Six Months Three Months Ended Ended June 30, June 30, 1999 1999 ---------- ---------- Gross revenues $ 1,899,284 $ 1,436,200 Net income $ 264,931 $ 136,803

To: BORIS BADENUFF who wrote (3600)	8/23/1999 6:53:00 PM
From: Q.	Respond to of 7056

"it continues its discussions with potential firms that will assist the Company in meeting all the requirements for a Nasdaq/Amex listing." I think the company and I have entirely different opinions of the likelihood of Dorian Reed succeeding in getting his company listed on Nasdaq or Amex. If reputable auditors flee from his company, why would Nasdaq or AMEX?