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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Scott R. Harwood who wrote (3288)10/13/1998 2:04:00 PM
From: Shadow  Read Replies (1) of 4715
 
Reverse Split
In June LTGL put out a press release stating "that no further dilution would be required"
In July they authorized an additional 100 million shares without a shareholders meeting, or even informing the share holders that they were doing it.
In August the Transfer Agent started refusing to give the outstanding share count because "too many people were calling. (it was 140 million then)
The current trading patterns would suggest that dilution is still
occurring but that is only my opinion. It can't be confirmed because the TA won't talk.
What's to stop the company from authorizing another 100 million shares when the current issue of 200 million is used up??
I will now get flamed for posting facts and repeating myself.
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