Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: CAPT.DAN who wrote (2757)	8/3/1998 12:08:00 PM
From: Philip Bosco	Read Replies (2) of 4715

Dan, I agree with you. I am feeling better even though everyone can be disappointed with the dilution. I did speak with a friend of mine who is an Attorney as well as having other graduate degrees in Business. He also had taken and passed his Series 7 Exam about 12 years ago. He is also heavily investing in LTGL. He told me he had a long conversation with Mike Krumholz on Friday July 31, 1998. He did tell me that LTGL issued more shares to acquire another company and increase their product line. He also commented that the acquisition of the home lighting company did not occur because LTGL would have to assume a 1/2 Million Dollar debt of the home lighting company. After completing due diligence LTGL decided that it was not a good deal for the company. LTGL has proceeded another acquisition and this was the main reason for the dilution. Apparently this other company LTGL is looking to acquire has a lot more to offer and will look better to LTGL's bottom line than the home lighting company. Spencer is now in Mexico attending a show down there which could open markets up in Mexico and Central and South America. My friend is holding his position and I am holding my position also. I do not see any reason for selling at this point and at these low levels. I am happy to see the share price did not get beat up on the last day of the month as is usually the case with these penny stocks. I am trying to keep the faith and see what happens. Call me a fool but I think I may be a bigger fool to dump my large position at this time. I really have to get down to visit the company. My friend was invited down to see the company and meet all the officers. Mike did tell him that everyone who visited the company has been extremely impressed. They have grown tremendously in warehouse size, inventory, production and product line. At least LTGL is a real company with a real product and I keep reminding myself of that fact. It is a BB stock and high risk with the potential for high return. Time will tell. I will wait and see what happens.

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