LSGT/NASDAQ/Lasergate: Virtual Concert Tickets.... Message Board

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Microcap & Penny Stocks : LSGT/NASDAQ/Lasergate: Virtual Concert Tickets....

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To: Charles Steneck who wrote ()	5/31/1996 5:54:00 PM
From: Dan Webb	of 194

Chuck, that concept does sound interesting, but I would be extremely skeptical of LSGT. I know two people who lost a lot of money on this one, as a result of "cold call" tactics by the firm who underwrote an offering for them. The stock went from $9 to $11 to $9 to $7 to $3 to $1 ... (i think you get the picture). The only time the stock seemed to move up was when this firm needed to get rid of its inventory. The company files electronically, and as a result its F/S are on EDGAR -- they are not pretty. There is obviously a lot less price risk w/ LSGT at this level, but they have a long way to go to convince me that they can make money, and fund operations without diluting the company to zero. Be careful !! Dan

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