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

To: Traveler who wrote (4351)	10/5/1999 12:34:00 PM
From: jhild	Respond to of 7056

Possibilities. Yes indeed. In the case of the oil company and the bank you have an arms length relationship I suspect. The possibilities of course multiply if there is some other relationship, say a less than arm's length relationship, between grantor and grantee.

To: Traveler who wrote (4351)	10/5/1999 1:06:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 7056

Traveler, your scenario is based on the LFT owning some sort of production rights to the (central Texas) properties in question. Wouldn't that mean their name would have to show up on some official filing such as a UCC, and/or as a lessee or operator on a contract? A UCC search comes up empty for LFT and Wilcher. A search of production records finds a "J W Wilcher". It's from this year so I would expect if it were the Wilcher of the LFT, it would say "J B Wilcher", but I don't know for sure. See: driller.rrc.state.tx.us - Jeff