SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (5093)2/22/2000 2:54:00 PM
From: Q.  Read Replies (3) | Respond to of 7056
 
Yes, that is the scenario that I think is the most probable of the three - the first check will be good, but later on, not.

As to where she could get $3.5 M, could it be that she still had most of the $3.3 M of Gillaspie's? That could be supplemented with funds either from HITT stock sales, as you speculate, or from a subsequent "investment client." If that were the case, then it would be unlikely that subsequent big checks would be good. Anyway, I don't think it's necessary for her to sell $3.5 M of HITT stock in order to write a check for that amount.

We'll know eventually ...



To: Jeffrey S. Mitchell who wrote (5093)2/23/2000 10:33:00 AM
From: Traveler  Respond to of 7056
 
Not necessarily -

If the LFT is paying using money gained by selling HITT stock, that would indeed be very
risky as I would assume it would be easy for the SEC to trace.

Remember, LFT has "representatives" that appear to be in Korea. A lot can be done out of the country (stock transactions through Hong Kong to the US market) that may not be able to be traced. But, to believe that would be to say that LFT is not totally on the up and up......