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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (54706)	4/18/2000 10:42:00 AM
From: Tim McCormick	Respond to of 122087

WFC uses tech mania to beat by a penny. "The increase was primarily due to net venture capital gains of $885 million, offset by losses of $602 million on the sales of securities that resulted from the continued restructuring of the securities available for sale portfolio and a $160 million write-down of auto lease residuals."

To: Anthony@Pacific who wrote (54706)	4/18/2000 11:42:00 AM
From: Mr. Park	Respond to of 122087

like the movie boiler room.

To: Anthony@Pacific who wrote (54706)	4/18/2000 1:27:00 PM
From: Mr. Pink	Read Replies (1) \| Respond to of 122087

And don't forget the efforts of a few brave individuals to expose this fr--d run by c-----als. Hitsgalore's Largest Customer Defaults on $20 Mln in Payments 4/17/0 20:0 (New York) Hitsgalore's Largest Customer Defaults on $20 Mln in Payments Rancho Cucamonga, California, April 17 (Bloomberg) -- Hitsgalore.com Inc. said its largest customer, Life Foundation Trust, never paid for the services it received nor for its 4 percent stake in the Internet marketing company. The trust provided 85 percent of the revenue Hitsgalore reported for the first nine months of 1999. Now, Hitsgalore said it's preparing to liquidate the Aden stamp collection put up by the Life Foundation Trust as collateral for the $20 million in missed payments -- $10 million for two million shares of Hitsgalore and $10 million for advertising on its Web Site. The Rancho Cucamonga-based Hitsgalore expects to take a year or more to sell the stamps, which it said has a catalogue value of $50 million and a wholesale value of $20 million. First, it will allow the trust a 20-day grace period. ``You can't just drop one of the world's rarest stamp collections on the market all at once,' said Dorian Reed, chairman of Hitsgalore, in a statement. In January, the company warned that ``cash flow difficulties could arise' unless the Scottsdale, Arizona-based trust made its first payment soon. Hitsgalore gave the trust liberal terms-- no money down, and a year before its money was due on April 15,2000. Hitsgalore didn't file its annual report with the Securities and Exchange Commission at the end of March, as required, saying its year-end audit wasn't complete. This week, it said the report will be filed by the end of April. The company had $90,771 cash on hand on Sept. 31. Its stock fell 8 cents to 70 cents, giving its 50 million shares a market value of $35 million. The stock has declined 92 percent over the past year. Jeanette Wilcher, trustee of the trust, wasn't available for comment. Life Foundation Trust, which is not a charity, says it has charitable goals that include ``the provision of food to the hungry, clothes and shelter to the needy, education to the unlearned and to minister to the spiritual needs of all people.' Its stamp collection is stored in a Manhattan warehouse, according to Hitsgalore's SEC filings. --David Evans through the New York newsroom (212) 318-2300 or davidevans@bloomberg.net/tm