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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: jmhollen who wrote (4816)11/8/1999 10:47:00 PM
From: Phil(bullrider)  Respond to of 7209
 
To all:

Consider this:

The value of your investment could be cut in half very quickly.

The Company has only one type of security, Common Stock with par value equal to $0.001. Prior to September 27, 1999, there were 200,000,000 authorized shares of Common Stock of which 186,013,021 shares were issued/outstanding. However, on September 27, 1999, the Board of Directors passed a resolution to increase the authorized shares to 400,000,000 with a par value of $0.001. On October 4, 1999, shareholders representing a majority of outstanding shares approved the resolution... A certificate of amendment was filed in the public records of the State of Nevada on October 7, 1999.

edgar.sec.gov

Have fun,
Phil



To: jmhollen who wrote (4816)11/8/1999 10:49:00 PM
From: Phil(bullrider)  Respond to of 7209
 
To all:

I cannot possibly imagine why any of the LGOV bulls have been reluctant to post that that there was a recent filing.

edgar.sec.gov

I wonder if it has anything to do with the fact that revenues were almost cut in half, again.

Have fun, if you can, my report will follow soon,
Phil



To: jmhollen who wrote (4816)11/8/1999 11:08:00 PM
From: Phil(bullrider)  Respond to of 7209
 
To all:

Consider this:

Note 2 - Basis of presentation and considerations related to continued existence (going concern)

The Company's financial statements have been presented on the basis
that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred net losses of $348,341 and $352,828 for the six months ended June 30, 1999, and 1998, respectively. Additionally, current liabilities exceed current assets by $4,931,402 at June 30, 1999. These factors, among others, raise substantial doubt as to the Company's ability to continue as a going concern.

The Company's management intends to raise additional operating funds
through equity and/or debt offerings, and or institutional lines of credit in China. However, there can be no assurance management will be successful in this endeavor.


Have fun,
Phil



To: jmhollen who wrote (4816)11/8/1999 11:12:00 PM
From: Evan  Read Replies (1) | Respond to of 7209
 
Insider selling today. Not good.