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

To: Janice Shell who wrote (3610)	8/23/1999 8:00:00 PM
From: Traveler	Respond to of 7056

I've read their 10Q a number of times, and I think the stockowners may be a little discouraged. I would have thought that they would have disclosed some reference to an independent appraisal of the LFT assets that are securing the receivables. If LFT intends to pay, unless they have other assets (LOTS of cash) they will have to sell the stamps to make good on their debt. Who's going to buy the stamps? How does anyone know what the actual worth of the stamps are? And yet, HITT has a gargantuan receivable from them with NO material allowance for possible collection problems. I hope HITT has a Director and Officer liability insurance policy, because if LFT can't pay, everyone in the company that touched the LFT issue could, in my very humble opinion, be included in a number of additional securities suits for failure to disclose material facts, materially misleading investors and all kinds of other phrases that the ambulance chasers love to throw around.

To: Janice Shell who wrote (3610)	8/23/1999 8:18:00 PM
From: The Duke of URL©	Read Replies (2) \| Respond to of 7056

If the Chairman has "agreed to transfer", but not actually transferred yet (if this is the case), the Chairman would, of course, get to vote his shares as to whether to reimburse himself??