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

To: Traveler who wrote (4725)	11/17/1999 3:37:00 PM
From: zonkie	Respond to of 7056

Off Topic......... From todays SEC digest----> sec.gov >>>>>>The Commission alleges that in the quarter ended April 30, 1998, Accelr8 improperly booked revenue on three unfulfilled contracts that together materially overstated the company's quarterly revenue by approximately $1.2 million, $380,000 of which should never have been recognized. The Commission also alleges that Accelr8 improperly recognized maintenance revenue with the initial license fee on numerous sales transactions, materially overstating fiscal year 1998 revenue by $260,000. <<<<<