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


To: John Rivardi who wrote (994)3/26/1998 6:50:00 PM
From: Double Dipper  Read Replies (1) | Respond to of 4715
 
Wow!!!

I got one right, I increased my position by 50 percent today.

This will probably be the last time we see a dime (I hope).
If they are speculating the plant will be operational in 4 months,
that sounds like this agreement is pretty far down the road already
and the trip is as much to review additional products as to clinch
a deal.

Kevin



To: John Rivardi who wrote (994)3/27/1998 12:01:00 AM
From: tom jones  Respond to of 4715
 
To all: The China news sounds good. The way I look at it the deals have been made and Spencer is going over to sign papers and promotion.
Didn't say how they are going to buy 1/2 of the facility. They are talking with banks and have 25 million shares of LTGL they can issue. Either way it will hurt earnings. Money is expensive for companies like ours.
One thing I like is that liteglow is talking to major banks for credit and the banks must be looking at liteglow's income statements and balance sheets. I would expect a banker to be a good judge of liteglow's creditability. Maybe gary g (do you have a son named Kenny?) the x banker can tell us more about this?
The second thing I like is liteglow reporting to the securities and exchange commission and the audit that goes with it.
When these two things are completed I will become a believer in Liteglow (invest much more) and think wall street will also.
As far as the price of LTGL goes I don't think investors look to far forward when it comes to bulletin board stocks but then you really don't need earnings for the stock to go up, a big increase in revenue will do. So maybe this news will help LTGL go up just a little but if those bankers are looking at this quarter's revenue and are liking it maybe we are due for a surprise next month.
I think I heard that last years earnings report was going to come out with this quarters but can't remember where I got this. Anyone else see this. This would mean late April for this news.
Tom