Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Shadow who wrote (2882)	8/15/1998 12:53:00 PM
From: Eric G. Erpenbeck	of 4715

Shadow, You may want to clarify for others that the selling is coming straight from the company (in the examples you provide). The sale of this stock adds cash to the companies balance sheet to be used for the company only, it also shows up in the balance sheet as retained earnings. So it is not exactly true to say Spencer is selling his shares for his personal use. IF Spencer sales his personal holdings then he is required to file appropriate reports (SEC 144) I believe and this would increase the float or shares available for public trading. Most of the problem has been the dilution by adding shares to the outstanding/float which in turn has killed the stock value. Also it makes no sence to me that LTGL continues to sale shares at almost nothing prices. They could have held out for a 1/2 a year (no dilution) and sold the shares for much higher prices and increased the companies coffers big time for real potential aquisitions as well as the future (ignores other methods of available financing). Hence I have concluded two things (MY OWN OPINIONS ONLY), he is not that savy of a CEO or the company is trying to expand to quickly and is cash starved. I can understand wanting to expand and become significant in time, because companies are not made over night, but gosh to just continually burn your bridges, makes little sense. What has ever happened to the removal of non reporting companies from the OTC BB. Isn't that time frame upon us or did that all dissolve. Audited earnings will be out if this is still in force as it needs to be. Is anyone going to check with the TA next week? It is a good way to keep up on LTGL! I have called many many many times. They should be called at least once a week (1-801-278-1777). NOT SURE I CARE ANYMORE AND CERTAINLY NOT UNTIL I SEE AUDIT!! Eric

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