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

To: Traveler who wrote (4138)	9/21/1999 10:18:00 PM
From: Mighty_Mezz	Respond to of 7056

They seem to toss titles back and forth, as per the demands of the moment. Dorian was the chief technology officer in one PR, if memory serves. Now it's Alex T from Solvere. From the look of the last 10Q, they don't have a real CFO. My guess is Ed's position is titular. Face it, everybody reports to Dorian. It's his operation. Anything he wants to do ... "Let's put it to a shareholder vote!" LOL ...Mezz -

To: Traveler who wrote (4138)	9/22/1999 11:05:00 AM
From: Q.	Read Replies (2) \| Respond to of 7056

"In connection with the Reorganization and Merger Agreement, Mr. Salmon resigned all of his positions with the Company." That's what the 10k said. So that would seem to indicate that he is no longer CFO. He might still be paid, though, because of the bolded item from the same paragraph: (2) The Company entered into employment agreements with Mr. Williams and Mr. Salmon. These agreements provided for, among other things, the payment of compensation over 5 years from the date of their employment, regardless of whether or not these executive officers remained in the employ of the Company. On June 30, 1998, the Company and Mr. Stephen Williams entered into an agreement and mutual release (the "Release"). Pursuant to the Release, the Company issued 300,000 shares of its common stock and released Mr. Williams from any and all claims, demands, contracts, and obligations of any kind whatsoever which the Company had, has or may have against Mr. Williams in exchange for a release from Mr. Williams of any and all claims, demands, contracts and obligations of any kind whatsoever which Mr. Williams had, has or may have against the Company arising out of his employment with the Company. In connection with the Reorganization and Merger Agreement, Mr. Salmon resigned all of his positions with the Company It appears that unlike Williams, Salmon didn't relinquish his claim for compensation for 5 years.