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

To: Adreniline who wrote (2729)	7/31/1998 10:24:00 AM
From: Walter Morton	Read Replies (3) \| Respond to of 4715

Personally, I think this is one of the risks we take when we choose to invest in a company that does not file with the SEC. Nobody forces us to take these risks. We invest in penny stocks because we are a breed apart -- Extreme Risk Takers! I would guess most of the people talking about taking legal action, "lost their shirts" long before shares outstanding became an issue. In fact if we weren't so eager to buy the cheap stock for the big reward, we would have waited for written words (that could be used in court) that stated the number of shares outstanding. I e-mail Spencer several weeks ago. I told him that all of this news about record sales does not make a difference to someone who will buy a stock. I told him that, people make investments based upon earnings and earnings per outstanding share. So, I asked him what was the earnings per share. He wrote back to tell me that he would not want to speculate as to what the earnings per share were, but that LTGL would be filing with SEC soon. Why didn't I wait for conformation as to the earnings per share before I purchased the stock? I think I am just like most of you, I am a Risk Taker who wanted to get the stock while it was low. By the time, good information is made public, the buying would increase the price and I would miss out on the gain. Let's be honest with ourselves, if we were more patient, we would not be writing about this. Instead, we would have waited for the SEC filing before we made our investment. Furthermore, how many of these complaints are being written just to convince others to sell their shares at a low price so that somebody else may buy them at a more reasonable price? That's the other risk we all take when we listen to the opinions of uninformed people on these threads. Again, we take that risk because we like to take risks.