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


To: Eric G. Erpenbeck who wrote (1505)5/1/1998 2:19:00 AM
From: myturn  Read Replies (1) | Respond to of 4715
 
I'm only stating what the transfer agent told me.



To: Eric G. Erpenbeck who wrote (1505)5/1/1998 1:39:00 PM
From: Popiye  Read Replies (1) | Respond to of 4715
 
I am losing sight of the LTGL business plan - can not reason a good enough reason to sell shares in my own company for such a cheap price, when, he could have sold the shares at .11 before he started (continued) the dilution. The behavior is troubling. The recent dynamics of the stock volume with price appears a reverse-split maybe the radar screen.

1. What happens to his and wife's shares they hold during a reverse-split? Same as reverse as ours?

2. Though he (CEO) could turn them back to the CFO if he wanted to? (What a nice thought) And if so, why doesn't he?

3. Is this stock selling typical for officers of the company before a reverse-split?

4. How many shares does he and his wife have left after the recent sell?

In conclusion, the company needs an audit (third party not relatives) before a reverse-split. The price for a glowlite just went up to 830 shares to purchase one $ 39.00 light.

Need the CEO to have on of his friends (?) address our concerns.

IMHO wish the SEC would let me short this stock. But then, the CEO can - by completing a reverse-split to the suckers who let him issue more shares - read the fine print when the proxy arrives folks:)