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

To: Philip Bosco who wrote (2436)	7/16/1998 12:53:00 AM
From: Eric G. Erpenbeck	Read Replies (1) \| Respond to of 4715

Phillip, While I can respect and fully understand that Spencer does not have full control over the audited earnings. The problem LTGL has created is two fold: (1) Why does LTGL not clarify the situation in a press release based on bogus information provided to shareholders publically in past releases and after such a long time? This would help shareholders fully understand the situation as well as keeping LTGL releases accurate. LTGL has now left many questioning the accuracy of their press releases and (2) LTGL has not provided resolution of the issue by stating or committing to their shareholders a date for audited and reliable figures.... (2) Why does it take an auditing firm so long to go through the books of such a small company if there are not problems or differences in opinions between the CPA and the CEO on how things shall be reported? Also I find it amazing that he will not reply to his loyal shareholder on this subject specifically. These two items and how LTGL plans to deal with the large number of outstanding shares are my biggest issues. Do you have any idea how LTGL is going to acquire this other company? They can't give stock so are they using the money from the 86,000,000 shares they have issued in the past year to acquire this new company (they had approximately 14M shares outstanding a little over a year ago) or were they able to finally get loans to finance their acquisition?