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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Puppy Dawg who wrote (3067)9/5/1998 1:36:00 PM
From: Shadow  Read Replies (1) of 4715
 
Puppy,
Whether the money is used to expand the bussiness or buy Spenser
a new Corvette, they are still adding shares to the float. The
more shares there are, they more diluted the value of the shares you own.
If the money is being used to expand the business, then perhaps
sometime in the future the increased business will overcome the weight of all the new stock and the price will go up.

I think the California company is BS.
Read the press release. They say "news ABOUT a new aquisition in ten days" They don't say "new aquisition in 10 days"

They say we'll talk about it some more in 10 days. Its mealy mouth
legalese hype to prop up the price while he sells into the press release. Five months ago he was raising money for a HUGE China deal,
now its California. If he's really trying to build a business, he needs to build what he's got into a self sustaining enity that can survive on its own merits without selling huge quanities os stock to stay alive. IMO China and the CA business are just PR hype to move stock.
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