Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: M, Anderson who wrote (2703)	7/30/1998 2:34:00 PM
From: Ernest R. DeSaye Jr.	Read Replies (2) of 4715

The date of the release was May 29th that Spencer said there would be no more dilution. In my conversation with the transfer agent they said the additional 100 million shares were authorized 3 weeks ago. AFTER HE SAID NO MORE DILUTION!!!! There is NO upside to this. I find it hard to believe people are rationalizing this companies actions at this point in time. He sold 27 million shares from the time he said no more dilution to now. If you didn't understand it the first time... He is still selling shares even as we speak!!!! I don't understand what it takes to get through to some people. If anyone has any doubts as to the date of the release stating no more dilution it is posted a few posts earlier. The bottom line is this. This company is taking everyone for a ride and there are no excuses for this. And anyone that tries to rationalize this should step back and look at it objectively. When they do they can come to no conclusion except the obvious. This stock is headed towards 200 million outstanding, and heading there fast. Ernie

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