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

To: Q. who wrote (6051)	10/4/2000 12:00:11 AM
From: Mighty_Mezz	Respond to of 7056

Just what do you mean by "legal?" LOL It's probably just an exchange rule. Same with 8Ks and sending out annual reports and other bothersome details. Afaik, BB requirements only talk about filing financials ... Mezz -

To: Q. who wrote (6051)	10/4/2000 12:27:59 AM
From: jhild	Read Replies (1) \| Respond to of 7056

I think more than there being any SEC rule, there really are rules governing corporations in each state that these companies incorporate in. For instance Delaware has rules that require exactly what you are talking about with regard to requiring shareholder votes for increasing the number of authorized shares. Whereas Nevada touts the ability of the Board of Directors to change the number of authorized shares without liability. I think the SEC really only has reporting requirements. That is when the company increases the number of shares, it's not so much that shareholders have to vote to approve it as it is that they have to be told about it. So rather than preventing you from being screwed, they just want to make sure you get to know about it. Hmmm. I wonder where it was that HITT is/was registered?