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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Lyddon who wrote (4468)6/15/1999 9:47:00 PM
From: Tiger USA  Read Replies (1) | Respond to of 4715
 
I used to be invested in a company where a three month argument went on about shares outstanding that were between 32 million and 50 million shares. So, how do I feel about a 200,000 share variation? Me LOL!

John
tiger-usa.com



To: Joe Lyddon who wrote (4468)6/16/1999 1:32:00 AM
From: Mr. Jens Tingleff  Read Replies (1) | Respond to of 4715
 
Joe, envy is not an issue here - preferred shares of his are probably deposit for the bank-LOC and for now we do not care if SK bought the preferred or if he got them as compensation all such may come as information with the filings - The concern is not about SK's numbers.

The float of common shares is the concern. - Thinking about that we have a company with positive net earnings - why issue more shares? - thinking about company has a LOC of 400K, 300K used - why issue more shares?

Now having said that, let me also explain why - When revenue goes up 100% so does accounts receivable, and accounts payable does not rise in same manner due to a) pmt conditions b) it is concerning cost prices.
So for cash-flow reasons the issuing of 400K shares to cover daily cash flow is fine with me. Hell one could even see it as a documentation that business is on its way up.

There are many good reasons to keep an eye on the float.

(deja vue, anyone ? - I have said almost similar in mid 1998)
The long bunch here, we learned a lot - and we see the new tricks turned every day
Message 10130088

Kr
Jens




To: Joe Lyddon who wrote (4468)6/16/1999 8:32:00 AM
From: Mr. Jens Tingleff  Read Replies (1) | Respond to of 4715
 
Fresh info from SK:

To all shareholders and raging bull posters:

I suggest you look at the press release this morning (scheduled for 10:30am). I think you will all be pleased, and it will also keep you informed on share numbers. This is what you all have asked for.

By the way, no problem now if you want to call Alpha Tech Stock Transfer to verify.

As for some previous posts, yes AA Auto is very good account, they are owned by Keystone Automotive warehouse, one of the premier high performance warehouse distributors in the world! They (Keystone) carry our full line, and I am also pleased to advise you that Liteglow is one of the fine sponsors of Joe Amato's top fuel dragster (Joe is one of the founders of Keystone) and a true gentleman.Just a little tidbit I thought you would like to know!

SK