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

To: Q. who wrote (5094)	2/22/2000 3:28:00 PM
From: carranza2	Read Replies (1) \| Respond to of 7056

Why would she pay upwards of $3.5m at all to a co. whose prospects are not too good? Perhaps the thought is that the stock will recuperate long enough to make more than $3.5m when stock is sold. But that's really risky. What if the stock doesn't recuperate after the initial "investment"? This appears to be happening as we speak.

To: Q. who wrote (5094)	2/22/2000 4:48:00 PM
From: Janice Shell	Read Replies (3) \| Respond to of 7056

As to where she could get $3.5 M... Please note that this is, as always, just my opinion and speculation, but... There IS a "hold" of seven days or longer on the check. Might it be that D and J expected a more enthusiastic market response than their announcement actually elicited?

To: Q. who wrote (5094)	2/22/2000 4:56:00 PM
From: dumbmoney	Respond to of 7056

Even if Jeanette had $3.5 million to blow, why would she give it to Dorian? No, I think the check will bounce. I don't buy into the theory of selling stock to cover the payments. The fly in the ointment is that unregistered stock can't be sold for a year - meaning that Janette couldn't start unloading until the one year anniversary (April 15 or whatever it was) of the stock "purchase" (I put that in quotes because if the stamps aren't real collateral, it would be fraudulent to treat the stock as purchased). Of course, originally the plan was that no money was due for a year - so possibly selling stock was part of the original plan; if so, the plan is broken because Hitt ran out of money too soon, and couldn't get alternative funding.