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


To: Daniel Chisholm who wrote (1525)5/27/1999 12:30:00 AM
From: C E D  Read Replies (1) | Respond to of 7056
 
Thanks for passing along your reading Daniel. IMHO these people are real pros, no match for investors thinking they have found a great thing. The market is loaded with Hoovers looking to suck the pockets of the unaware dry.

Some references in the 10-K and things mentioned by the poster, Bob Sims, indicate to me that he was not the janitor he professed to be, but someone in the company. He had a piece or two of inside information in his posts. It leads me to believe the SEC may be interested his activity. It is my guess we will see some of these people again, with a new company, pulling the same old thing.

BTW, I have never had a position in the stock. Buyer beware.

Regards,

CED



To: Daniel Chisholm who wrote (1525)6/16/1999 1:38:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 7056
 
LFT's undivided interest in the collection of Aden stamps presently held in safekeeping with Day & Meyer, Murray & Young Corp., 1166 Second Avenue at 61st Street, New York, NY 10021, (the "Asset").

FYI, Dan & Meyer, Murray & Young Corp is a non-reporting OTC-BB company trading under the symbol DMMY. Their official business is moving and storage.

- Jeff



To: Daniel Chisholm who wrote (1525)7/5/1999 2:50:00 PM
From: Arcane Lore  Respond to of 7056
 
While the insured value, catalog value and auction value of a stamp collection are different concepts and will usually be different values, the following article from Linn's Stamp News may nonetheless be of interest:

October 26, 1998

Zoellner U.S. collection sells for $8 million; 1868 1¢ Z grill sets new record -- $935,000

By Rob Haeseler

... The $8.03 million realization was the third highest for a single-owner sale. It was eclipsed only by Siegel's auction of the Honolulu Advertiser collection in November 1995 for $9.8 million and Christie's auction of the Royhei Ishikawa U.S. collection in September 1993 for $9.5 million.

All prices given in this story include a 10 percent buyer's premium. ...


linns.com

For ease of reference, here is the description of the Life Foundation Trust stamp collection from the HITT 10-K:

...The total of $20 million, consisting of the subscription and acquisition price of $10 million, and the $10 million for the purchase of Local City Editions to be acquired and booked over the next 12 months, will be unconditionally and irrevocably paid in full within one (1) year, the payment of which is secured by LFT granting a security interest and lien in LFT's undivided
interest in the collection of Aden stamps presently held in safekeeping with Day & Meyer, Murray & Young Corp., 1166 Second Avenue at 61st Street, New York, NY 10021, (the "Asset").

The Asset is insured as to all risks of physical loss and/or damage for $20 million through Lambert Fenchurch Specialties Group Limited, London, with a certain underwriter at Lloyd's, London, UK, per Contract No: NA0100098, Certificate No: NA0112598. The premium for the 12 months ending December 3, 1999 of $70,000 has been paid in full. The Asset has been appraised for $50 million (catalog value). ...


Portion of Life Foundation Trust Letter of Intent 4/15/99 from Hitsgalore.com 10-K filed 5/26/99: sec.gov