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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Dobber D. who wrote (3567)10/27/1998 11:00:00 AM
From: jebj  Read Replies (2) of 4715
 
>They called it an investor package so I did too. <

The "investor package" that they sent was what got me here - I started to do some DD as to what and why this stock was acting as it does.

I still have not made up my mind as to just what is going on but for a management to allow this situation to develop in the first place is not good and to allow it to continue is unexcusable, IMO.

Pennys don't, of course, play by the same rules as "real" stocks - - or any rules it seems sometimes - - so people tend to throw a few hundred dollars into one and "hope". Sometimes they are right - if so they win big, just like going to Vagas! Most times they lose -much more so than in "real" stocks.

But penny players don't usually have the ability to play in the higher priced stocks so they are here - hoping, praying for something good to happen rather than handling it like "real" money.

What's sad is the lack of control to where it becomes a lot of scam operators out there.

I don't put Liteglow in this group - it is, after all, an operating company with products that someone can go to a store and see, touch, feel. But it is wrong for a company to be able to sell stock without being required to supply the company numbers - they could not do so at a bank - - they should not be able to do so in the stock markets.

BTY - I hold a few hundred dollars worth of LTGL - - it might go up, who knows! :)

jb
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