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

To: Daniel Miller who wrote (3049)	9/4/1998 4:03:00 PM
From: Shadow	Respond to of 4715

The last time authorized and out standing share counts were posted here they were 200 million authorized 138 million outstanding I'm sure the outstanding shares are higher now but the info is not available. after a 1 for 100 RS the authorized shares will still be 200 million and the outstanding shares will be 1.38 million. That means good old Spencer can sell 198 million more shares of stock. He seems perfectly content to sell them all day long at .02/share. Do you really think he won't sell them if he can get $1/share. He will sell them as fast as he can and keep selling them till we're back down to 2 cents again. Building a successful company is not Spencer's goal. His main objective is to get every last dollar he can out of LTGL stock before it becomes worthless. People buying this stuff should save the brokerage fees and just mail their money straight to LTGL.

To: Daniel Miller who wrote (3049)	9/4/1998 4:05:00 PM
From: zonkie	Read Replies (1) \| Respond to of 4715

I don't see how anyone can argue with reasoning like that. Well put Daniel.