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Microcap & Penny Stocks : LSGT/NASDAQ/Lasergate: Virtual Concert Tickets....

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To: Frank Rader who wrote (177)3/20/1998 5:30:00 AM
From: Steve Dunlap   of 194
 
Frank,
I think you're the last one here. Please shut off the lights when you leave.

If you look back through the postings on this board you'll see that I championed this company and stock for a long while. I called the company occasionally to find out what was going on and after they had their conference call in Nov '96 I got pretty excited about the potential for a turnaround. Then in early '97 the new inside PR person disappeared and all contact with the outside world stopped.
Last month I read in an SEC filing that the company was requesting the number of authorized shares be increased to 60 million.
Even given the feeble cognitive power of my microbrew-addled brain I was able to figure that given that fact, there is nothing but dilution and disaster in the future for current shareholders so I recovered what I could and moved on. I still check the various message areas for LSGT occasionally as I am interested to see what form the final demise of this pissant company takes.

I do wish us both better trading in the future,
and if you hang in there with LSGT I hope your tenacity is rewarded.
Steve
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