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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.
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To: BlueCheap who wrote (518)3/27/1998 12:33:00 PM
From: Triffin   of 7209
 
Malcolm..

Thanks for the long reply
I was just on the phone with Daniel J. Mendez
asking about the capitalization of the company
there are 200,000,000 shares authorized, a float of
31,000,000 shares and about 56,000,000 outstanding
as of now..There is a pending deal according to Mr. Mendez
that would result in 175,000,000 shares to be outstanding;
however, this deal has not and may not be concluded.
This was the only info on capitalization I could get..
no mention of debt or any preferred shares.

I also understood that the "retail" licences that the
company has (18 I think he said) allows the company to
distribute gas nation-wide, but this would not be possible
without one or more substantial jv-partners which would
dilute current shareholders..

My initial reaction is there is enough here to acquire a
core position at current levels and then trade around it.
This is a 10 year to fruition company IMHO.
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