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Microcap & Penny Stocks : Liteglow (LTGL)

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To: MoneyMade who wrote (3355)10/15/1998 9:41:00 AM
From: Deeber  Read Replies (2) of 4715
 
Moneymade: You silly man you. 15 years experience and 1.2M revenues...HOW SAD. Holy crap, if after 15 years that is all you can make is 1.2M REVENUES...you have serious problems. So let me see...1.2M revs...at .05% Profit Margin...you get a whopping 60K profit...divided by shares outstanding...100M...you get an EPS of .0006. WOW!! At a P/E of 15...you get a share price of .009...under .01...lol.

Now, take into consideration the COST of the Acquistions...probably shelled out eay over 1.2Million, but of course they NEVER mention this in a press release. Probably issued them another 50M shares of restricted stock for the acquisition to be sold into float soon...man, if you dont see the BS here with this company...you are naive.

Ryan
members.xoom.com
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