To: DJ Byrne who wrote (1424 ) 4/18/1998 1:14:00 PM From: Popiye Read Replies (1) | Respond to
DJ - The company has been floating a lot of shares on the market. Post# 1420 provided a possible path the CEO can take; but not without out shareholder approval! Earlier, it was mentioned eventually the company will plead their case to a reverse split with the story that is unfolding. LTGL has about maybe 11 million shares to dump still onto the market. You can see what has happened to the stock since we got a whiff..The 100,000,000 share potential has gone from $ 11 million to $ 5 million in value. We noticed when the latest new came out, the stock really tanked from mid range (not high=.085) to .05. It was obvious someone was flooding the market. The remarks from Post # 1420 are SWAG, but possibly damage control, and from others that are looking at the possiblility of a reverse split down the road - Personally, I have always felt if a company can not make it on their own merits, a reverse split lines the companies pockets, and they move to another BB project. I'm on hold presently awaiting for the hype that brought me in for the closing of a large national merchandiser. If they close the big deal, that will make me a believer. The China manufacture should be inexpensive from my limited exposure, reading about the market from shoes, electrical items, - the markup is exciting for LTGL. The problem is buying more shares as the stock decreases in value, because a reverse split will delete us from profit, - long story! Believe you understand what I'm taking about. It's up to the company, as always, to make things happen in the business place, as a shareholder that decided to purchase into a public company: trust but verify...or learn the ole mistakes again, and they hurt! Best wishes.
