Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeffrey S. Mitchell who wrote (1592)	5/27/1999 2:48:00 PM
From: trader14U	Respond to of 7056

He was in telecom and lawn products....SIMPLE...he used his cell phone often while mowing lawns...you should see how much these guys rake in down here in Florida....get it...RAKE in..hahahaha

To: Jeffrey S. Mitchell who wrote (1592)	5/27/1999 2:56:00 PM
From: Chris Thomas	Read Replies (2) \| Respond to of 7056

Wow! What a thread this is! Fun too. I have a few comments. Let's assume the company has done nothing illegal for a moment. Also, if you can, imagine there were no illegal activities by any of the officers. Now, if you have gotten this far, put yourself in the place of a customer or POTENTIAL consumer of HITTS, in light of all of the negative press and PR, would you pay to advertise on HITTS? Somehow, in the long scheme of things, a company has to generate income to be viable. I may be shortsighted, but how does this company intend to make money. They have a lot of bad PR to handle, and this is expensive. Further, I just do not understand the correlation between a stamp collection, and oil fields. Furthermore, why would Life Foundation want to put up that much money or whatever it is they are doing, and for what reason. I just don't get it. Does anyone? PS, I bought some of this company when it was scmi or what ever it was. I am currently out of it, but it has been interesting seeing the events unfold. It is not my intent to say anything negative about the company, furthermore, it is somewhat admirable to see a few individuals take a small company and raise that much capital so fast. Well, I certainly would appreciate some of you business types to comment. Thanks CTOM

To: Jeffrey S. Mitchell who wrote (1592)	5/27/1999 3:00:00 PM
From: wonk	Read Replies (1) \| Respond to of 7056

Oops! <PAGE> 7 Certain Matters related to the Offer and Sale of Local City Edition Licenses- Beginning in January 1999 and ending in April 1999, the Company offered LCEs for sale on its web site. During that period, it sold LCEs to 37 persons, plus The Life Foundation Trust. Each LCE is granted a limited non-exclusive use of the proprietary software, the website and the programming and content therein. Some of the LCEs also entitle the LCE to earn a performance bonus equal to the price paid for the license, if the LCE earns commission income from the sale of the Company's products during the first six months of the license period equal to or in excess of the price of the license. The performance bonus is payable in shares of the Company's common stock at no additional cost to the LCE. The Company has been advised by counsel that the Company's offering of the stock performance bonus feature may constitute an unregistered public offering of securities. Accordingly, the Company has made an undertaking to notify all LCEs to which the stock performance feature applies that the Company will not deliver shares of its common stock in payment of the performance bonus, but that the performance bonus will be paid in cash. The Company ceased offering LCEs in April 1999 as a result of the sale in a negotiated transaction of LCEs for up to 200 major metropolitan areas and other cities to Life Foundation Trust. The Company is reviewing whether the offer and sale of the limited number of LCEs complied with all applicable state and federal regulations. The Company believes that up to twelve months will be required for it to initiate operation of the 200 LCEs under its agreement with Life Foundation Trust. After the Company has established operations under the LCEs purchased by the Life Foundation Trust, the Company may again offer LCEs to others. The Company has not made any decision on this matter. In the event the Company again offers LCEs, the Company intends to comply with the requirements of state and federal laws governing the sale of securities, franchises and business opportunities, as may be appropriate at that time.