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


To: Mighty_Mezz who wrote (4950)1/14/2000 9:59:00 PM
From: Level Head  Respond to of 7056
 
I notice that the original run-up in HITT stock has never been satisfactorily explained, at least to my satisfaction.

The timing seems late, but does it strike anyone as likely that some of this money was used to initiate a buying spree of HITT that subsequently captured the excitement of the media and general public?

If so, there's poetic justice in the fact that the sudden release of foul gases from the inflated price would not have allowed LFT to get out with its cash.

Any thoughts?

Level Head



To: Mighty_Mezz who wrote (4950)1/15/2000 3:28:00 AM
From: Jeffrey S. Mitchell  Respond to of 7056
 
I don't think Dorian was conned. Wilcher sold stock. We know that based on the class action suit. Do we really think Wilcher went and bought (free-trading) HITT stock on the open market? If she didn't, then where did she get the shares to sell? Were some legends removed early? Was she given some free-trading shares for other reasons? Recall when AZNT made the deal with Andy Mann for 4M shares they also supposedly gave the guy 480K free-trading shares as a "token of good faith", so it's not like such an arrangement would be totally out of the ordinary.

- Jeff