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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.

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To: CAPT.DAN who wrote (2771)12/24/1998 9:55:00 PM
From: shades   of 7209
 
Someone asked, a few day ago why the price way dropping so much. After reading the 97 financial report I can give you
180,000,000 reasons.


You are right, what a pathetic release, although I will give them credit for dropping thier drawers and letting us see what they are packing, I must confess it was worse than I feared. They were forced into that though, they either had to show the garbage or lose all investor support whatsoever. I feel they do not have the customer base to support their current business model (and the customers they do have do not have the money) and I do not feel they have the leverage to break into the other utilities business as they are hoping. As I predicted long ago, the ONLY way this garbage stock is going to see $5 hell even $1 in the very near future is a reverse split - looks like they have the shares to do it with now - HA!
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