Liteglow (LTGL) Message Board

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Microcap & Penny Stocks : Liteglow (LTGL)

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To: DR. MEADE who wrote (3380)	10/16/1998 12:07:00 PM
From: Eric G. Erpenbeck	Read Replies (4) of 4715

DR. MEADE, You are right that LTGL did state NO REVERSE split in a press release. However they also stated no more dilution needed, and then the next day increased authorized shares from 100M to 200 M and within 3 weeks added over 25M shares to the outstanding. THIS IS A FACT!!!!! I have several questions for you: (1) Why should we believe there will be no Reverse Split? (2) How long do think this statement has to hold true. (3) How do think the Management will deal with the large outstanding share issue? It must be dealt with!! Here are my answers to my own questions: (1) We shouldn't, and I personally don't believe it! (2) About as long as it took to write the press release. I would say that equates to "NO" amount of time. (3) A reverse split will be a must in order to achieve reasonable EPS and PE ratios. To establish a stock price other than pennys or sub penny level. They might consider a stock buy back if the price were to be diluted down to .001. These are my opinions, what are yours and what is the basis for your opinions? I can give a long list of reasons for my opinions.

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