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

To: Janice Shell who wrote (5436)	4/19/2000 6:20:00 PM
From: KLN	Read Replies (1) \| Respond to of 7056

I agree. What a joke. "Negative, false and misleading?" Oh brother. As I said a long time age, where are the feds? KLN

To: Janice Shell who wrote (5436)	4/19/2000 6:45:00 PM
From: Q.	Read Replies (1) \| Respond to of 7056

<<many negative, false and misleading statements, and other information in the press and on Internet message boards, being touted as fact to the point of inciting a day of what the Company feels was panic selling>> Once again, the convicted criminal fraud artist blames somebody else for what he has done. What caused the stock plunge was, of course, his own newswire announcement that a party he had previously identified as his main investor and customer had in fact defaulted on its payments. Of course he won't admit that the stock plunge has anything to do with his performance, or his judgment in touting the LFT funds over the last year. What he does instead is resorts to his usual scapegoats: online critics and the press.

To: Janice Shell who wrote (5436)	4/19/2000 6:56:00 PM
From: Q.	Read Replies (2) \| Respond to of 7056

In the following excerpt, Reed the financial genius is confused: what is the relationship of the cash flow statement and the balance sheet. The Company cites its low capital burn rate as a key factor for a positive outlook for the future. ``Excluding capital growth expenditures for acquisition, new equipment, computers, legal fees and the new HBX2000 trading center, the Company has only about $800,000 in convertible debt. the italicized portion refers to cash flow, whereas the last phrase strangely refers instead to a single item on the balance sheet, and it probably has little to do with cashflow. The way he tries to relate these two is totally confused; he doesn't succeed at all in supporting his claim that his company has a "positive outlook". Given that he brings up the issue of his liquidity, supporting his claim would require that he give the reader numbers for the company's burn rate, and for cash and working capital. We'll see them in the 10k, if it's ever filed, but he certainly avoided reporting them in this news release. Anyway, what is this "convertible debt" that he's referring to? It doesn't appear in the 10Q for the September quarter, and there were no 8-k's or newsreleases to report a subsequent private placement or other material event. And what would it convert into, considering that the company has issued all its authorized shares and hasn't sought shareholder approval to issue more.