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

To: MoneyMade who wrote (3343)	10/14/1998 9:13:00 PM
From: Eric G. Erpenbeck	Read Replies (1) \| Respond to of 4715

Dear Money Made, Here is a non hype, factual post about LTGL all need to consider. I have been here a very long time and have closely follow LTGL and its progress. While I can see you are extremely bullish on LTGL, lets make sure that we are truly pointing out the facts. Here are a few items that I would like any investor that is considering buying LTGL to consider before doing such. I have no objective other than to use this as a medium for the TRUTH as best known. (1) LTGL is reducing the number of Outstanding shares by 50 Million. This will "NOT" be done by a buy back but will be done by retiring shares already held by company officials. (2) LTGL is a NON REPORTING, company. This is the single largest problem and all investor should consider this seriously. This means all figures and numbers are not necessarily correct. I can not confirm or deny any numbers presented to date in press releases and this is why this is so very important. Last share figure given to me by TA was approximatley 200M authorized and 115,M issued and 45M restricted.. (3) Without LTGL being reporting, there is no audited publically available balance sheet (10K or 10Q) for all of us to verify shares and profits and/or losses etc.... (4) I use to check with the Transfer Agent once every 3 months on the status of shares and was given different figures from the TA then my friend would get from the company. This was very frustrating and questionable. (5) Press releases have indicated things to shareholders that have not always been followed and old press releases did not even have disclaimers on the bottom of them. At least todays release finally did. (6) They do have agreements with RS and Pep Boys. Remember that just means they will distribute and sell their products on their shelves. It does not guarantee sales, just larger exposure and better marketing which theoretically should increase sales. (7) They are an attractive little company that has alot of things going for it but there are so many unknowns that at this point it is nothing more than a gamble. I own over 400,000 shares and would love to see it rocket but more importantly, is that all know what they are buying into before they do. I think audited results and becoming reporting is CRITICAL....