EZ Traders Forum

[SPIN]

HYTT

re: Convertible Debenture

In April 2003, Hy-Tech issued a convertible debenture for $1,000,000 due in
April 2008. The convertible debenture is convertible into common stock at the
lesser of (a) $0.35 per share or 125% of the average closing bid prices per
share of the Company's Common Stock during the five trading days immediately
preceding April 29, 2003 or (b) 100% of the average of the three lowest closing
bid prices for the forty days preceding the date of conversion. In connection
with the financing, Hy-Tech paid a fee of $100,000. The convertible debentures
if not converted are due in August 2008. As of August 31, 2003, the outstanding
convertible debentures totaled $424,566.

Subsequent Event

8 <PAGE>

On October 7, 2003, the convertible debentures were fully converted to common
stock.

http://www.sec.gov/Archives/edgar/data/1156784/000114420403006493/form10qsba.txt

got bounced from RB for pointing out on a few threads that "HPOBET" is a paid basher... HPOBET claims there will be a million shares on the ask next month as a result of this fully converted debenture?

today's RB discussion related to purported claims of evictions is as accurate as earlier claims that CEO was named in litigation. i posted a http://www.pacer.gov search that proved there was no such claim filed.

disgruntled former employees posting on RB continue to bring unsubstantiated accusations. why is there no posting of a link to any claim filed or even a cut & paste of the pleadings, etc? nevertheless, HPOBET takes the eviction accusation & runs w/it as if it was a fact (just as much of a "fact" as the CDs not being converted). which reminds me, "rast53" claimed to not be an employee, yet answered a question about whether terminated employees get any severance pay stating something to the effect of "they just told us to gather our stuff and leave."

IMO HPOBET is there to attempt to drive down HYTT so that the 3.75M shares tendered to GTEC will be discounted on GTEC's financials.

IMO the settlement of the GTEC matter is very positive for HYTT & it was done w/restricted common.

was disappointed by the request for extension of the 10Q, but the company claims the filing will be complete by 01/19/04 & there might be entirely legitimate (& potentially bullish) reasons for the delay that were truly beyond the control of the CEO (who told me last week it would be timely).

anyway, won't be able to post on RB for the forseeable future & the email addy that i used in 1998 or 99 to register is long gone, so i don't know if it's a 7 day suspension or an elimination.

one thing is fer sure, "HPOBET" won't be posting on iHub b/c Matt would have his ISP & that might interfere w/his paid bashing of the half dozen stocks he's currently working.

IMO HYTT will announce positive news during this Q.