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

To: Janice Shell who wrote (4631)	11/2/1999 1:39:00 AM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 7056

Vote or no vote, there are some extra shares mentioned in the 10Q: ===paste=== Commitments and contingencies Stockholders' equity: Class A convertible preferred stock, stated value and liquidation preference - $1.00 per share; authorized 5,000,000 shares, issued and outstanding 500,000 shares 55,000 -- Class B convertible preferred stock, stated value and liquidation preference - $1.00 per share; authorized 10,000,000 shares, issued and outstanding 100,000 shares 54,764 -- Common stock, $.001 par value; authorized 50,000,000 shares, issued and outstanding 49,203,160 shares 49,203 -- Common stock, $0.001 value, 2,267,858 shares to be issued 507,700 -- ===endpaste=== Will this cause an auditor to raise an eyebrow? Traveller, you looking in? Is that a weird entry? They've had six months to authorize the shares, and the vote is just a formality anyway, so why the delay? Why doesn't Dorian want to officially issue those shares? My guess is he's reluctant to file a Prospectus. Lotsa nasty disclosure required in those prospectuses. [prospecti?] :) Come to think of it, the directors haven't been officially elected either. Gotta file a proxy statement for that one. Niggling little bios in those proxy statements. ;) ...Mezz - Is Jeanette still holding those 2 million shares? Did she short against them? Inquiring minds want to know.

To: Janice Shell who wrote (4631)	11/2/1999 7:00:00 AM
From: TideGlider	Respond to of 7056

That seems a possibility. I doubt nothing when it comes to this organization. TG

To: Janice Shell who wrote (4631)	11/3/1999 12:08:00 AM
From: StockDung	Read Replies (1) \| Respond to of 7056

In total, Wall Street claimed to have entered into transactions giving it access to at least 713 crates of stamps - issued by governments in Aden, the Trucial States and similar Arabian locales - weighing about 100 pounds each. These stamps had been authenticated by assorted N.Y. and Connecticut-based appraisers found by the company who valued them at upwards of US$386 million. Wall Street announced to investors: "These transactions are thought to be among the largest in the history of the philatelic world, according to available information, and are believed to make Wall Street the largest holder of South and Southeastern Arabian postal issue stamps in the world, as well as in all likelihood the world's largest stamp company." Overseeing this philatelic treasure was a new management slate which included: a pair of Beverly Hills-based PR consultants and Scientologists, Michael Baybak and George Duggan (both of whom have been associated with other Vancouver penny stock promotions); a reputed "Sultan" Ghalib Bin'Awadh Al-Qu'aitl, said to be a "Self-employed consultant on Arabian history, Islamic art and business"; and Denis Potvin, the retired New York Islanders hockey star. Ex-NHLer Potvin was referred to in one promotional Wall Street article as a "retired professional hockey player and collector of Middle East stamps." And, it was claimed that, Wall Street officer Steven C. Rockefeller of Norwalk, Connecticut held "an informed appreciation of the unique and growing appeal of the South and Southeastern Arabian stamps represented in the company's inventory." John Reznikoff, who was Wall Street's Chief Operating Officer and Executive Vice-President, was the only board member to have a professional background as a dealer in collectible stamps imagenisp.com