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

To: jhild who wrote (3651)	8/24/1999 12:44:00 PM
From: Q.	Read Replies (2) \| Respond to of 7056

re. employee expenses, well, SG&A was $1.02 M for 3 mos. If you assume the no. of S&A employees was flat at 30 the full quarter, that would work out to an SG&A expense run rate of $136 k per man-year. If they ramped up to 30 from a lower headcount during the quarter, then the run rate would be >$136 k per man-year. This still looks reasonable to me, assuming it includes rent, and some modest advertising costs. It's also possible that some of the employees are part time, since the news release didn't specify that the headcount of "30 people" was a figure for full-time equivalents. So I don't see anything inconsistent there. One thing in the financials statements I wonder about is the large provision for returns. I wonder how many customers ask for refunds after purchasing bid/rank and sponsorships ?