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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Eric G. Erpenbeck who wrote (1398)4/17/1998 10:38:00 AM
From: Gary West  Read Replies (1) of 4715
 
Good points, Eric. For his remaining 13 million shares at 5 cents a share, he would receive only $650,000, only enough to match last quarters sales. To produce inventory enough to satisfy a Walmart, he needs more,especially considering his newfound China factory with expenses. Just look at last quarters results. Gross profit of $343,000 and only $46,000 net income! That won't pay for many glow rods or badly needed advertising. Audited results would be nice, but also common sense. Too many shares thin out the price and weed out potential shareholders, IMO.
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