To: tom jones who wrote (828 ) 3/16/1998 8:20:00 PM From: Eric G. Erpenbeck Read Replies (2) | Respond to of 4715
Dear Tom and Other Newbies, To start with I must agree with BOB Zim, that there has yet to be any mention of Wallmart and hence to me it is currently speculation. While it would appear there is a very good possibility, I still think it is very important when pointing this out to clarify that is still speculation at this point, especially for those that may not know that it is speculation. To me it doesn't matter one way or another because there is more news to come and this companies bottom line will support a higher stock price. ALL news is just icing on the cake IMHO. As for Russo Securities, as I have posted many times since the start, it involved 4M shares of LTGL that were given to Russo by Spencer as an financial investment opportunity in which Russo was suppose to generate $4M cash for LTGL. While it was never clear to me how that was to occur that was suppose to be the original deal. As I understand it, Russo ended up selling 1M of the shares and kept the cash and then started shorting the remaining shares giving nothing back to LTGL. Spencer obviously did not take lightly to this and took Russo to court on what appears to me to be a simple case for him, but has dragged out over a YEAR. Hence I beleive this is "FANTASTIC" news for LTGL if TRUE. I have not yet heard this news from LTGL!!! These shares were suppose to be the major player in holding down the stock through shorting, even though I believe the courts probably had locked up those shares over the past year, but it may have been done by Russo as Riley G has pointed out (only my own conjecture!). Don't qoute me on all of the above but I believe this to be an accurate description as was given to me by LTGL previous Public Relations representative (Scott Johnson). As for LOWGLOW purchase, this was a steal for LTGL. I believe the deal involved $250,000 cash and a couple hundred thousand shares of stock. I don't recall the exact amount of shares but I think it was 150-250,000 shares at the price (which was peanuts at that time). Lowglow could not keep up with Demand and with Liteglow stocking capability the agreement helped both companies significantly... Just the facts from my own DD and hard work. I am more long term and in 9 months from now the stock price won't be around 10 cents IMO based on rough estimated earnings.