SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Liteglow (LTGL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: myturn who wrote (1394)4/17/1998 9:51:00 AM
From: Eric G. Erpenbeck  Read Replies (3) of 4715
 
Just to give you all an understanding.. LTGL has added almost 37M shares of stock since approximately January 1, 1998, assuming Mr. Reasons numbers are right. This is why in my above analysis I used 100M shares outstanding because I was quite confident that LTGL would continue to dilute. I have not sold because my shares are at a low enough entry point and the risk to reward ratio is still worth it IMO only. We may see this one go down to 5 cents by the time MR SPENCER finally runs out of shares he is allowed to issue. I can certainly understand why short termers are pissed and it certainly hasn't made me happy since I bought some of my first shares when there was only 14M shares outstanding. Think what our stock price would be today without any dilution.

On the contrary, SPENCER can only add 13M more shares and his fun is finally done and we investors will finally see the price rise based on good new and good balance sheet. It is my opinion that further dilution above 100M will require a vote by shareholders to increase the number of shares authorized, especially if they ever report audited numbers. I find it a bit odd that LTGL has yet issued audited results that were originally suppose to be out by Mid February and then Mid March and now Mid April. This I am sure has not helped the stock price either. As earnings continue to increase, the CEO will have to buy back shares or do a reverse split. If a reverse split is done he will have to make sure that the reduction in shares will be supported by strong earnings as I posted earlier. LTGL will need BIG agreements with Big Companies.

Just my opinions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News