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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Charger who wrote (282)2/27/1998 1:42:00 PM
From: Eric G. Erpenbeck  Read Replies (2) of 4715
 
To both of you,

I have been in LTGL for quite some time. I have seen it as high as .25 cents and as low as .03. I have seen it stop at .12 and at .10 and a .07 and then .03. The reason the price has gotten killed is because the stock has been diluted very significantly over the past year. I feel the price at three cents fully reflected the impacts of this massive dilution.

They originally had 14M shares outstanding in January 1997 and now in January 1998 they have 50M shares outstanding. As of 11/1 or so they only had 35M shares outstanding so most of the dilution occurred in the last two months of the year. Anyway if you guys would go back through my post, you will fully understand this one. Currently they have 50M shares outstanding of which only 22M are in the float. Since they are not reporting at this point it is very difficult to keep on top of that situation. However, the company is doing well on the bottom line. Audited earnings will be out soon, these are needed in LTGL desires to become a reporting company (OUR DESIRE TOO). IMO I believe that they are looking to close a large contract or order with a big national chain that they have been working on for months. I also believe this stock has been discovered by someone that has some big cash (unlikely to be an institution) at these prices. I think there will be several release in the upcoming weeks.

Anyway, all the information you could ever want to know about LTGL are on this board. Their product is not very complicated to understand thats for sure. They are aggressively pursue other countries as well. It is nice to see it is still undiscovered and I will continue to hold my shares watching as it becomes known. IMO we do not need to promote it or the such and I hope to wait for LTGL's bottom line speak for itself.
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