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


To: KLN who wrote (5339)4/11/2000 5:17:00 PM
From: Q.  Read Replies (1) | Respond to of 7056
 
This weekend is when the story either ends, or a miracle happens.

It's when Life Foundation Trust is due to pay $20 M.

It's also the end of the extension to file audited financial statements.

If LFT doesn't pay, then all those receivables that Hitsgalore accumulated in the 10Q's are worthless, and all those claims of being profitable will be untrue, and the auditors would just set themselves up for a class action suit if they sign an opinion that assumes the receivable is collectible.

We'll see what happens. But I don't think there's a chance that the horse lady will pay $20 M cash, this weekend.