Allstocks.com's Bulletin Board: Any one watching "HYTT" out there?

This is topic Any one watching "HYTT" out there? in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.

To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/003357.html

Posted by JOE COOL on :

They just hit low -45.83%.........ouch!!
Last price paid .026¢

Now, why is the question.
Havent been able to get any news yet.

Posted by Dallas Boy on :

I ask that today elsewhere and got this reply...

Yeah, I know why - their lousy 10Q - you like scary flicks? Then take a look at the 10Q.

The Company's inability to raise additional financing has resulted in a delayed execution of the new plan and has also caused the Company's obligations to increase. Due to insufficient cash generated from operations, the Company presently does not have cash available to pay its accounts payable and other liabilities.

We believe that cash generated from operations will in all likelihood be insufficient to fund our ongoing operations through the next twelve months.

------------------
Nothing's more fun than a Subs stock run!!!

Posted by Fallstaff on :

Joe ~ off the 10Qsb for 1/20

The Company's limited liquidity has also had a detrimental effect on the Company's sales efforts during the three and nine months ended November 30, 2003. Furthermore, because the Company has experienced a significant deficit in working capital, the Company announced store closures during the past quarter to reduce its fixed overhead.

During the three and nine months ended November 30, 2003 (the "2003 Periods") net revenues were $1,194,696 and $8,535,553, respectively, compared to net revenues of $5,673,483 and $19,105,524 for the three and nine months ended November 30, 2002 (the "2002 Periods"). This represents a decrease of approximately 78.9% and 55.3% respectively from the 2002 Periods. The Company's limited liquidity has had a detrimental effect on the Company's sales efforts.

Gross margins for the three and nine months ended November 30, 2003 were $154,003 and $1,054,155, respectively, compared to gross margins of $863,012 and $2,895,877 for the three and nine months ended November 30, 2002. Gross margins as a percentage of net revenues were 12.9% and 12.4% for the three and nine months ended November 30, 2003, respectively, compared to 15.2% and 15.2% for three and nine months ended November 30, 2002, respectively.

Basically, it looks like they are consolidating their assets and selling off inventory to become more "liquid". Stretched themselves a little too thin I think. I would keep an eye on them though in case they succeed with their turnaround.

Posted by JOE COOL on :

Thanks, Dallas Boy and fallstaff.
Good DD.
Lots of red today but this one catch my attention.
Thanks again guys.

Good evening.

Posted by Stock_student on :

i saw the news but couldnt post it earlier i don't think its gonna go up anytime near in future but sure its one to keep eye on.