Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ernest R. DeSaye Jr. who wrote (2706)	7/30/1998 3:18:00 PM
From: cjw	Read Replies (1) \| Respond to of 4715

If you are truly upset regarding this situation, get creative. Without creativity, we would be roadless, living in boxes, etc. I care not to extrapolate. Do not respond to me in reference to this post.

To: Ernest R. DeSaye Jr. who wrote (2706)	7/30/1998 3:53:00 PM
From: AriKirA	Read Replies (2) \| Respond to of 4715

Ernest, With all due respect, Spencer is not the owner of the company. Since Liteglow Industries is a publicly traded company, we, the shareholders, are the owners. The only reason he still has a mandate (president) is the following: being a majority shareholder he elects himself as president. He repeats this every other financial year, thus making it impossible for us to elect another President. The only way to get rid of him is to find a way to become a majority shareholder (impossible, since he will just keep on issuing shares to himself). In other words, we're stuck with this clown unless you sell at a loss and decide to move on (poorer but wiser). As to your third comment, what exactly do you mean by 'paperwork to make more shares authorized'. Normally, only a resolution adopted by a majority number of shareholders is required unless, under Florida State Law, a specific law requires some kind of notice to be given to an organization specifically created to supervise such changes, which I doubt is the case. Thanks in advance