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Strategies & Market Trends : Daniel Miller's group picks -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (100)	7/27/1998 11:29:00 AM
From: Daniel Miller	Read Replies (1) \| Respond to of 119

I just got off the phone with Mike. Heres what I got. LITEGLOW INDUSTRIES, INC. 2301 NW 33RD Court, Unit 104 Pompano Beach, FL 33069 Phone: 1-800-801-4569 Fax: 954-971-5117 info@liteglow.com Float- 45 Million. Outstanding- 94 Million Spencer just left to Meexico as someone here stated before. They have been working on several acqusitions. The home lighting acqusition fell through. It was a two person owned company and one of them died. The other didn't want to own it anymore but just work there. As LTGL went through ll the details they saw a $5,000 debt which they would have to pay. They turned it down because of that. They are trying to work with a car so that their halogen lights are placed on a certain model of cars. Can't promise. Stil trying to work out a deal. Can't release name of company. Their lights are NOT illegal in any states. The problem is that some colors such as blue and red can't be on it because it might be seen as a police vehicle. Although there is nothing in the motor vehicle handbook about any Neon. Spencer never sold any shares. He has a planned order though put in for 15. That is how much faith he has in the company. If you see 400,000 * 15= 6 Million. Thats what the SEC filing says. He sayed however that it was impossable for that SEC filing to go out considering they are not a fully reporting company YET. They will start soon though. Audited numbers should be out soon hopefully. He does not want to promise a date. Spencer likes giving dates because he believes the share holders should know everything about the company. Still working on the Wal-Mart deal and MANY other huige chain stores. China is working out great. Reason for dilution was to help China. Right now they are concentrating more on business rather then shareholders. It will help us more in the future. They were planning a reverse split last year but it was voted down. Currently they arn't thinking about that. If they do happen to do something it will be a buy back. He expects the stock to bounce back nicely soon. Stock is way undervalued. The dilution stopped except they expect that people from Canada were shorting over 5 Million shares during litigation and are still holding. (Let's hope they cover soon) This is pretty much all I could get out of him. I will call agina sometime soon find out some more.