WARNING: LTGL lying about its Float and Outstanding Shares
Noone knows this, and I wouldn't have unless I heavily researched into the float/outstanding of this company.
Fact: Mike, the Investor Rep. is lying (whether intentional or unintentional -he claims unintentional) to you about the Float and Outstanding shares of 50 million outstanding and 25 million float
Here is what it REALLY is as of last Thursday:
100 million are authorized
75,829,397 outstanding
29,668,688 restricted
Therefore: 46,160,709 free trading (or float)
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Since I don't expect anyone to believe me, it is verifiable:
Their Transfer Agent (TA) (an entity that keeps the accounting records as far as stock certs are concerned...how many shareholders there are, etc..) is:
Alpha Technology located in Salt Lake City, UT
1-801-278-1777
Tell them you are a registered shareholder of LTGL and you wish to know the outstanding shares and restricted shares for Liteglow Industries (subtract the two yourself to get the actual float)
TA's are unbiased. However, they are PRIVATE companies, not public entities. So they don't HAVE to disclose to you any information should they choose not to. So be polite.
Anyway, LTGL pissed me off because:
A.) you can obviously see the stock not rising on news more than
1 penny. I would have kept silent if I could have sold my shares at .12 (where I bought many of them)
B.) Their own IR claims to not have known this information on his OWN STOCK (yeah, right)
C.) He didn't offer to compensate me for my loss of buying shares in the .12-.13 area. (I bought thinking the float was much much lower -the 25 mil that he falsely told me)
His mistake.
Also, PWSP did not know of this as far as I know... I'm sure they did exactly what I originally did... called the Investor Rep and got the 50 mil and 25 mil figures.
I thought of suing LTGL for misinformation.. but the loss buying at the .12 range doesn't justify the legal fees to take em into court.
The SEC is another matter. They should be reported for falsifying info.
Sorry you have to take this bad medicene...but everything I say is verifiable.
ROGER W. |
