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

To: Mighty_Mezz who wrote (5711)	6/15/2000 1:55:00 PM
From: Q.	Respond to of 7056

Yes, to dump his shares, Dorian needs to pump the stock, or at least stir up some volume. The news release was ineffective. Maybe he should hire a spammer. What I found notable about the news release is that it did not come from Merger Communications. Their previous news release, two weeks ago, was from Merger. It had the following disclaimer: According to the long-term agreement between Merger and the company, Merger's compensation for its financial media relations services, which includes the preparation and distribution of press releases, consists of ten thousand cash and five thousand shares of the company's restricted stock for the length of the agreement. Merger typically has a long position in the securities of the companies in which it publishes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Merger's services, visit www.mergerusa.com.

To: Mighty_Mezz who wrote (5711)	6/15/2000 2:48:00 PM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 7056

Also (same story): biz.yahoo.com ``The Company is expecting to show increased revenues in its second quarter,'' says Dorian Reed, Chairman of Hitsgalore.com They booked $13,042 revs in 1Q00. Increasing revenues might be a challenge for Management, but perhaps they can sell come stamps in time. Ooops!, that wouldn't count as revenue, would it? The first $100,000 recovered would simply be an asset recovery, which would not flow through their income statement, since they did only charged $6,900,000 of their $7,000,000 Life Foundation Trust "doubtful receivable" against their earnings in 1999. The Company sights its low burn rate and a recent infusion of more than $350,000 in cash as another reason the company can continue to operate and grow it business. The Company sights? It sights their low burn rate? Methinks they need a better spellchecker. I wonder if the Company would care to cite their cash infusion rate? ;-) Oh, a $350K infusion that we never heard of before, eh? I wonder if that's related to various recent stock sales by insiders....? ;-) That $350K ought to make a real dent in the $98K bank overdraft, the $850K short-term borrowings and the $409K "Accounts payable and accrued expenses ", which they reported for 31 Mar 00. One last snippet from the press release. Reed seems to be trying to make his mark in the Buzzword Bingo Competitive Rotisserie League: Reed continues, ``We know many investors are concerned about the future prospects of the Company. The Company is not standing still, it continues to invest in its future and long-term growth. We feel this is a great time to be in our B2B market niche. It will be an even better place to be as the marketplace begins its natural process of elimination. Not even huge IPO or VC money has been a guarantee of success in this B2B market. You must have natural staying power with a business model that can make money, coupled with a low burn rate, innovation and an unyielding determination not to give in to marketplace and competitive challenges. You've got be in for the long haul. That means no near term exit strategies. The only way out is to win. ``Hitsgalore.com has had to prepare for the long haul from its inception. I personally would like to thank our employees, customers and investors who's support and believe in the Company, its values, business model and Hitsgalore's staying power. I think we're in the right place at the right time in history to emerge as a major player in our market niche. We look forward to letting our numbers speak for themselves as we go forward.'' Shall I ask what exactly is meant by "a business model that can make money, coupled with a low burn rate," or would that be asking too much? - Daniel

To: Mighty_Mezz who wrote (5711)	6/15/2000 4:28:00 PM
From: Janice Shell	Respond to of 7056

...Mezz - The street yawns... And the stock drops to a quarter... I hope Obwon isn't still planning on buying an apartment in Monte Carlo...