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

To: M, Anderson who wrote (2710)	7/30/1998 6:44:00 PM
From: Ernest R. DeSaye Jr.	Read Replies (2) \| Respond to of 4715

MA, I think the fundamental problem here is he just doesn't care about the stock price at all. You asked why he didn't try to pump it up to .10 or .15 before diluting. Remember he was diluting at .10. I believe he tries to pump up the stock in every press release. Remember " Audited numbers due out June 1st"? Or "the company has met it's cash flow needs for the remainder of the year and there will be no further dilution"? And what about the famous " expect news of an aquisition in the next 10 days"? I believe he is trying, but the increased float and his dilution makes it impossible for any real sizable run. I'm sure he'd rather sell at .25, but I don't think it really matters to him. When he runs out of shares, he'll just reverse split it, spin it to the public with something like "trying to increase shareholder value". Then he'll start selling all over again. When you reverse split, the number of shares authorized doesn't change, only the amount outstanding. Regards, Ernie