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Microcap & Penny Stocks : Liteglow (LTGL)

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To: BubbaFred who wrote (1428)4/18/1998 7:37:00 PM
From: Popiye  Read Replies (1) of 4715
 
BubbaFred - This issue of going to the bank was answered by post # 1420, at face value. Your #1 regards items selling -believe the company is between the chicken and egg theory - got to spend money to market the product, and that costs big bucks, coupled with the strong possibly no banker will lend them start-up cash to deal in China due to LTGL does not have a track record for this type of foreign enterprise; but, three quarters will tell the story on sales. Your #2 - there are accepted accounting practice in the US and they will be busted for fraud if they submitted a lie. I do not believe they are stupid, crafty I hope, but not stupid. Their margin of profit fits IMHO. Lastly, I've examined their products in Jacksonville, FL, and others have reported in there spots checks the products on shelves. Not massive quantities similar to oil cans in an Auto store, but the bare minimum to make a selection for the target group.
Best wishes:)
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