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

To: Mr. Jens Tingleff who wrote (4520)	6/18/1999 5:00:00 AM
From: Mad_Mouse	Read Replies (1) \| Respond to of 4715

Jens, thanks for posting what SK said on RB. I am also disturbed by his "explanation." Here's more disturbing info to think about: according to the May 10 PR, they had net profit of $194,981 for the 4 months ended April 30 ($0.055 EPS). biz.yahoo.com From Investors' Alert: Thomas Loyd stated, "We are looking for earnings to be released anytime now. It could happen today or tomorrow or early next week. We are looking for $0.045 to $0.055 per share for the last five months of operations. exchange2000.com Huh?!?!? If LTGL is having a record year, why was Investors' Alert only looking for a profit equal to or less than the profit YTD? Shouldn't they have been looking for a profit that was at least equal to the average monthly profit ($0.014) plus $0.055, which would give $0.069. BTW, without the additional 400,000 shares, EPS would have been $0.070 instead of $0.063. Also, the date on Investors' Alert is June 17 and they were still looking for the earnings to be released. Huh?!?!? The earnings were released on June 16!!! biz.yahoo.com From Investors' Alert: If it comes in any higher, then we believe LTGL will have a dramatic move to the upside and the year will be a record year. Earnings for year end (which is December 31st) is only 6 months away -- coming in closer to the $0.40 number." According to what they said, earnings did in fact come in higher than expected, which they suggest would lead to earnings closer to $0.40 for the year. That would mean that earnings for the last 7 months of the year would be around $0.33. That's about $0.045 per month or the low end of their projection for the first 5 months. IOW, they are saying that LTGL will earn in one month what they did in 5 months previously. Wow!!! It appears that they are "painting a picture" or "framing" the illusion that LTGL is growing faster than expected. It seems that they want to give the perception that earnings came in above expectations, which would be viewed as very positive. According to them, LTGL's earnings of $0.063 came in $0.013 above their average projection of $0.050 or a whopping 26%!!! Woo hoo!!! But once again, LTGL reported earnings of $0.055 for the first 4 months, so why does their record earnings projection actually reflect a loss? Until audited financials are filed with the SEC, we can't be sure of anything, except that LTGL will continue to have PRs stating record revenue and profit, and continue to say there will be no more shares issued, and continue to explain why there are suddenly more shares. However, the clock is ticking. LTGL has only until Jan 2000 to comply with the SEC or be delisted from the OTC:BB. Will it be feast or famine? I really hope they make $0.20 to $0.40 per share for the year (audited), but based on last year's illusion, I can't help but imagine SK saying the following next year: "Due to an unfortunate and unforeseen disruption caused by the Y2K bug, we had to take a huge one time charge. However, we applied it to 1999, so the year 2000 will look even more outstanding when compared to 1999. This will be a record breaking year for us." Right now it sounds more like a broken record. I'm keeping my fingers crossed, but once bitten, twice shy. sigh