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


To: Q. who wrote (5997)9/10/2000 12:39:28 AM
From: Q.  Read Replies (1) | Respond to of 7056
 
HITT doesn't have enough authorized shares to swap for the 23 M HOTY shares that were outstanding in 1998. With a stock price of about 0.2, that looks like it will require roughly 30 M shares of HITT to be issued.

HITT doesn't have enough shares authorized to do that.

HITT, as of 6/00:

Common stock, $.001 par value; authorized
50,000,000 shares, issued and outstanding
48,836,999 shares in 2000
http://www.sec.gov/Archives/edgar/data/949857/0001019687-00-001221.txt

HOTY, as of 8/99:

There is an aggregate of 23,321,932 shares issued and
outstanding
http://www.sec.gov/Archives/edgar/data/1093673/0000950137-99-003177.txt