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

To: Jim TenIron who wrote (2675)	7/30/1998 9:18:00 AM
From: AriKirA	Read Replies (4) \| Respond to of 4715

The following is a copy of a letter I sent to the company: July 29 1998 Via e-mail and mail Dear Sir, Madam I hereby request a confirmation of the total number of shares presently outstanding (exact figure as of July 29, 1998). In addition thereto, it would be appreciated if you can send me a copy of the resolution by which the number of shares authorized were increased to 200 000 000 (the latter should 'normally' be adopted at a general/special shareholder's meeting, during which a vote should have taken place to allow the increase of said authorized shares). A vote is required even if the directors legally hold the majority number of shares required to pass such a resolution. Thus, I am convinced there actually was a meeting to which all registered shareholders were invited to. Otherwise, I suggest you consult your attorney(s) with respect to the recourses a shareholder has or a group of shareholders have against a company (or its directors) that think(s) it (they) is (are) above the law (even if Liteglow Industries is a non reporting company (SEC)). Last time I checked, the corporate veil can be lifted (at least under the Quebec securities law) and the directors held liable, if such wrongdoings were considered to be illegal or should we say fraudulent. These documents can be transmitted by fax to If a fax isn't received by 12pm Friday July 31, 1998 legal procedures will be taken accordingly. As soon as I get an answer, I'll post it on this forum. It's crooks like Spencer that give the OTC a bad name. This time, I, as an investor, will make sure he is brought to justice. A couple of weeks ago, he publicly confirmed that further dilution wouldn't be necessary. Surprisingly, a week later, the number of authorized shares has doubled.