Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Joe Lyddon who wrote (4468)	6/16/1999 1:32:00 AM
From: Mr. Jens Tingleff	Read Replies (1) of 4715

Joe, envy is not an issue here - preferred shares of his are probably deposit for the bank-LOC and for now we do not care if SK bought the preferred or if he got them as compensation all such may come as information with the filings - The concern is not about SK's numbers. The float of common shares is the concern. - Thinking about that we have a company with positive net earnings - why issue more shares? - thinking about company has a LOC of 400K, 300K used - why issue more shares? Now having said that, let me also explain why - When revenue goes up 100% so does accounts receivable, and accounts payable does not rise in same manner due to a) pmt conditions b) it is concerning cost prices. So for cash-flow reasons the issuing of 400K shares to cover daily cash flow is fine with me. Hell one could even see it as a documentation that business is on its way up. There are many good reasons to keep an eye on the float. (deja vue, anyone ? - I have said almost similar in mid 1998) The long bunch here, we learned a lot - and we see the new tricks turned every day Message 10130088 Kr Jens

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