Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: rharris who wrote (4465)	6/15/1999 5:07:00 PM
From: Mr. Jens Tingleff	Read Replies (2) of 4715

This one is good - updated numbers OS and Float - many other good DD points there too. Would have liked to see an anticipated filing date, but never mind it is still soon ;-) - not mentioned does not mean out of intention to my understanding. We know the auditor - TA "open" again tomorrow acc to post on RB. One step closer to becoming an investment. The cold figures: The Company is due to report sales revenues and net earnings through the first five months of 1999 on June 16th. We are predicting that sales will show over a 100% increase over the comparable period ending in May one year ago, and be near the $2.2 million milestone; net profits will come in near the $0.055 mark per share (on an annualized basis, the trailing P/E ratio will easily be under 10! There are approximately 3.9 million shares outstanding and 3.7 million in the float. Net income should be over $245,000 as compared to a loss of (over $281,000) a year ago. Net income=0.0628 cent a share at 3.9MM = 15c when calculated to year (/5x12). Trailing P/E - I think is should have said will not be under 10 or easily be over 10 - So lets say 10 and decide that 1.5-2$ is a good target for investment, and when nothing else change. Kr Jens

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