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

To: Shadow who wrote (2100)	6/16/1998 12:17:00 PM
From: Ernest R. DeSaye Jr.	Read Replies (1) \| Respond to of 4715

Well Tom, If you told the truth, it would be welcome. But let's have a fact, any fact to back up anything you say. Just give me one. And even if there is a reverse split, it doesn't mean that 90 million more shares will be re-sold into the float. So I don't want to hear I told you so unless you can give us facts to back up the things you say..... well.... we're waiting Tom.... Ernie

To: Shadow who wrote (2100)	6/16/1998 8:25:00 PM
From: Eric G. Erpenbeck	Read Replies (2) \| Respond to of 4715

Tom, I am 100% interested in the negative as well as the positive about LTGL. However, you claim there will be a reverse split and you claim there will be a restart on dilution back to 100M. As pointed out there is no fact to this whatsoever. It is 100% pure speculation. In fact Spencer has now publically stated in a press release that "NO" further dilution is needed. So facts point to the contrary! I have tried and tried to find the exact details on where LTGL and SPENCER plan to go on this subject, to little and/or no avail. I wish I knew the answer for you and everyone else including myself but I don't. However, I must agree that in my own speculation a RS is a must (since I don't see a buy back) at sometime. The timing is important but even this year might just be Great!!!! While many here do not like RS because they have owned a company that did not have earnings to back it up and the stock got killed afterwards. Lets just take one second again to look at this. Lets say RS of 1:10 puts outstanding shares down from 100M to 10M (YAHOO). Lets assume Sales will be 5M this year with Net Income of 500K (very obtainable IMO, IF past LTGL releases have been accurate). EPS = .05 or 5 cents per share based on prior year revenue to earnings figures. Stock price of LTGL instantly will go to 10 times what it is worth now due to Reverse split. Assuming current price is the price at the time of RS, it would then be 50 cents, and the PE ratio would then be equal to 10. Does a PE ratio equal to 10 indicate an over valued stock to YOU??? Why should the stock get killed after the RS. The only way it will is if the LTGL decides to start printing shares again, however, this make no sense and if it does happen it will not happen in one night and I will monitor this and protect myself like any and all diligent investors will. I believe under the RS scenario (obviously no one knows the timing or the values at this point) without further dilution, it will take little buying pressure to see huge price swings especially at EPS of .05 and a pe of 10. Those figures don't tell me I should be selling, maybe investors will be buying. For now the company has posted publically no further dilution, hence my scenario seems much more likely and has some facts to back it up and where I don't I admit I don't. NOW LETS get the audited numbers and this quarters performance, then we will really be able to start putting the pieces together. I know I have posted similar messages in the past but things continue to change, investors change and I believe it is important to continually look at these scenarios. THE MOST IMPORTANT AND BIGGEST RISK WE HAVE IS NOT HAVING AUDITED NUMBERS.... THAT TO ME IS THE SINGLE BIGGEST FACT!!! LTGL HAS PROMISED THESE FOR 6 MONTHS AND THAT HAS PUSHED MY PATIENCE TO THE NEAR END. JMHO, ERIC