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

To: bob sims who wrote (1758)	6/3/1999 5:34:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 7056

Why?

To: bob sims who wrote (1758)	6/3/1999 7:26:00 PM
From: lizardK	Respond to of 7056

To quote Bill Gates: "That has got to be one of the dumbest things that I have ever heard in my life".

To: bob sims who wrote (1758)	6/3/1999 8:29:00 PM
From: Angusb	Read Replies (1) \| Respond to of 7056

Bob, you're really having a difficult time "getting" it aren't you? The OTCBB is rife with "scams" (i.e. companies primarily interested in selling stock rather than building viable businesses). Your odds are long enough even with spotlessly clean management. When you find a company whose founder and principal shareholder has had a criminal conviction for a prior securities offense AND recent civil liability for similar activities, this is truly "not good". Fact bob - not opinion. Look at it this way, who was that British nanny convicted on manslaughter in the death of a child? People can learn from their mistakes and change but lets say a couple of years from now she is found liable in a civil suit for another childs death - would it be a good idea to hire her as your baby sitter: a) Yes! Its called giving people another chance! b) Yes! What crime has her brother committed? c) No Steve Bradford and Ed Salmon are pretty much irrelevant. I don't know anything about them and can't offer any comment on their integrity and past record. I will make a comment about HITT, however. Recently we saw this PR: "Hitsgalore.com, Inc., (OTC BB:HITT) announced that it has entered into a Letter of Intent with the Life Foundation Trust for a $10 million investment in the company. The transaction involves 2 million shares of stock that the trust, with assets in excess of $1 billion, will hold under the terms of a lock-up agreement. " Now, according to the SEC filings, HITT (going concern qualifier) hasn't actually seen any cash at all and the transaction is simply an IOU backed by a stamp collection. Now if Life Foundation Trust really has more than $1billion in assets you've got to wonder about the stamp collection thing. In my personal opinion, the $10 M investment and the subsequent $100 M investment were engineered purely for PR purposes and that HITT never will see the $10 M cash they've announced let alone the $100 M. Furthermore, IMO, this kind of PR could easily mislead investors into thinking that HITT was actually receiving much needed cash to help them grow the company as Mr. Bradford implied in the PR. Since access to cash is a critical success factor for a start-up business an investor taking the companies PR on face value might base his/her investment decision on the information never suspecting that the $10 M was merely an IOU backed by a stamp collection. While I might not term the HITT PR "fraudulent" it remains misleading IMO and falls short of the standards of honesty that I expect in an investment. Hope this helps.