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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Jason Riche who wrote (3612)11/10/1998 4:47:00 PM
From: Walter Morton  Read Replies (2) of 4715
 
Brad, On March 30, 1998 LTGL closed at $.11. Last week the stock was down to $.009.

LTGL has been great about providing sales numbers without income per share.

LTGL has a lot of shares outstanding.

LTGL has stated that it is selling its product through PepBoy. Other members on the thread want new investors to be confused and think LTGL has a deal in the works with Walmart.

LTGL mentioned in its investor package that bigger customers require lower prices from LTGL. In turn LTGL stated that it will have the leverage to demand lower prices from its suppliers. I'll have to see that on the SEC filing.

LTGL has promised to file with the SEC several months ago. I'm still waiting.

I got in much higher than what the stock price is today, but I would be hard pressed to recommend LTGL to anybody for more than $.005 without seeing the SEC filed and audited financial statements.

There is hardly ever any mention of other managers within the company. LTGL seems to be totally run by one person. I mean, it seems like one person does everything except the accounting. (LTGL claims to have its products manufactured in foreign countries).

If the company is doing as well as it claims -- the market will still be big and there is still be opportunity to grow the business and your stock price.

To the new investor. I would suggest that you wait for the audited SEC filing.

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