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

To: M, Anderson who wrote (2703)	7/30/1998 2:32:00 PM
From: pbill	Read Replies (1) \| Respond to of 4715

I too am long on this stock. I also hold NAMX, the funny (not so funny thing) about it is that both are at .02750 today. NAMX had 100 million authorized, (same) and one of the insiders decided to sell another 60 million shares. The company discovered this and is now calling the 60 million new shares "unauthorized" and is trying to get them cancelled, this to my knowledge has not yet happened, and the news from NAMX is absent for the last two months. Both companies have a positive income flow, but the stocks move little, or down. If NAMX is successful in cancelling the shares, maybe that's what LTGL should o. Fire Spencer, the video "voyuer" of the past and let the new CFO straighten things out, get the numbers out, and move on.

To: M, Anderson who wrote (2703)	7/30/1998 2:34:00 PM
From: Ernest R. DeSaye Jr.	Read Replies (2) \| Respond to of 4715

The date of the release was May 29th that Spencer said there would be no more dilution. In my conversation with the transfer agent they said the additional 100 million shares were authorized 3 weeks ago. AFTER HE SAID NO MORE DILUTION!!!! There is NO upside to this. I find it hard to believe people are rationalizing this companies actions at this point in time. He sold 27 million shares from the time he said no more dilution to now. If you didn't understand it the first time... He is still selling shares even as we speak!!!! I don't understand what it takes to get through to some people. If anyone has any doubts as to the date of the release stating no more dilution it is posted a few posts earlier. The bottom line is this. This company is taking everyone for a ride and there are no excuses for this. And anyone that tries to rationalize this should step back and look at it objectively. When they do they can come to no conclusion except the obvious. This stock is headed towards 200 million outstanding, and heading there fast. Ernie