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

To: BORIS BADENUFF who wrote (1645)	5/27/1999 8:23:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 7056

I very much doubt it, Boris. You might do better to spend your time trying to find non-PoS stocks to "invest" in. It's really very silly of you to hate me as much as you do: instead, you should simply pay attention. And now we have this new bit of HITT Hilarity: Third, the article implies that Mr. Reed completely severed ties with the company on May 13. To the contrary, Mr. Reed decided to step aside as a director of the company to allow the board of directors to conduct an investigation into issues raised by the FTC litigation. This investigation is ongoing and a decision on Mr. Reed's return to the management team is pending. biz.yahoo.com What'll they do tomorrow to make things worse?

To: BORIS BADENUFF who wrote (1645)	5/27/1999 8:31:00 PM
From: DrStocks14	Read Replies (1) \| Respond to of 7056

Did I read that correctly? A $50M stamp collection? Is this a joke? Is Allan Funt standing behind me ready to say "smile your on candid camera"? These transactions with the Life Trust sound like the reverse of a "Forward Equity Transaction" (FET). In an FET a company borrows money and agrees to repay the loan in the future with company stock. Provided that the stock is rising greater than the interest rate, the company can really do well. But if the stock tanks the shareholders are seriously diluted! Case in point: Patriot America (PAH). However, with HITT they seem to have give shares away up front at a set price, and collected NO CASH. It will be interesting to see in future financial statements how they treat the "stamp collection" and the "oil fields". Will they be assets owned by HITT or security for some large receivable from the Life Trust? If it is a receivable from the Life Trust, the Trust must have been hoping to repay the receivable with a higher stock price, and the news releases certainly drove up the price. It sounds like a gimick to me. I went back and checked the releases from April 21, 1999 and some of the SI posts, because we were LED TO BELIEVE that they had the cash in hand. However, the news release never mentioned cash, some posters interpreted it that way. Just so you know, I am not long or short this stock. I was a shareholder but got out during that day of carnage. I am happy to be out and sleep better at night. But the "stamp collection" news, and the "sueing SI posters" was too amusing not to comment on. I wish everyone the best of luck with this one, it is sure to be a wild ride! The Doc