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Microcap & Penny Stocks : Liteglow (LTGL)

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To: M, Anderson who wrote (2703)7/30/1998 2:32:00 PM
From: pbill  Read Replies (1) of 4715
 
I too am long on this stock. I also hold NAMX, the funny (not so funny thing) about it is that both are at .02750 today. NAMX had 100 million authorized, (same) and one of the insiders decided to sell another 60 million shares. The company discovered this and is now calling the 60 million new shares "unauthorized" and is trying to get them cancelled, this to my knowledge has not yet happened, and the news from NAMX is absent for the last two months. Both companies have a positive income flow, but the stocks move little, or down. If NAMX is successful in cancelling the shares, maybe that's what LTGL should o. Fire Spencer, the video "voyuer" of the past and let the new CFO straighten things out, get the numbers out, and move on.
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