I would accept all this negative comment about LTGL being another BB stock that is a joke, a scam, a pump and dump etc. except for one thing -- LTGL does have a product. A product line that continues to expand in the stores of more and more retailers. Many of the negative comments about BB stocks applies to those companies that are only shells. Also a lot of the trading today I believe was between MMs. I believe they may be getting positioned for the stock to make a run. I still have not seen the Lite burn out on this one.
Everyone is curious about the audited numbers and I have been saying for some time that the stock will not move until the audited numbers are released. I have heard from a number of sources that Spencer is well respected in the industry. Many suppliers take Spencer at his word on how much product he can deliver. I have always looked at the situation as Spencer may be a bit out of the ordinary but from all indications and sources the story is that he is a hard working son of a gun. I have never gotten any word from anyone that he is a liar, fraud or scam artist. I certainly have seen Spencer trashed on this board. In fact he has been sliced and diced. I still think the stock is a buy at these prices. I have been involved in so many other companies and met with so many CEO and CFO of other companies and I cannot see putting a fork in this one at this time. Perhaps it is time to take a trip to Florida. I have been urged by some sources (none from within the company) to make postings to correct some clearly erroneous information. I never wanted to take the time to do that because I always figured the company would continue to grow and increase revenues and earnings and the price would take care of itself. I still believe that, however, I do believe that the negative comments about the company and Spencer on boards such as this have a much greater impact on the stock price than I first thought. I could be wrong of course, but I still believe this company is a buy. I was screaming at everyone to buy it the last time it dropped below .04 and it went all the way up to .13. Let us see what happens now. I think the company has a lot more to offer than it did back when it climbed up to .13. Albeit the float has increased but I addressed that issue before about either borrowing money or sell stock.
Anyone who wants to trash the company is welcome to do so, provided they bring solid facts to the table. I still see many positive things about the company. Time will tell. Maybe within the next week. I always said by the end of July 1998 this company should have given us a clear indication of where it is heading. Good Luck to All. If the stock price keeps heading south, then those who bailed can be happy and glad they bailed. Of course, if the stock does head north they can kick themselves for bailing at these low, low prices. Never want anyone to eat crow, I would rather see them make money. |
