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

To: Janice Shell who wrote (1202)	5/14/1999 12:35:00 PM
From: Q.	Respond to of 7056

The stock's decline prompted Life Foundation Trust today to revise the terms of a $100 million investment in Hitsgalore.com announced Monday. Trustee Jeanette Wilcher said the per share price for the investment will be lowered to $20 from $25. The company will get an interest in a joint venture in oil and gas wells in Texas instead of cash. In a press release issued by the trust, she called Reed's resignation ''admirable.'' Trust spokesman Bill Wallace said more details about the investment will be disclosed by Hitsgalore.com next week. He declined to provide more information about the trust's oil properties. ======== The above is something that Bloomberg added yesterday to as an update to its story: Hitsgalore Falls as Founder Quits; Investment Revised (Update4) (Adds comment from trust spokesman; multimedia interview.) Rancho Cucamonga, California, May 13 (Bloomberg) - quote.bloomberg.com