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


To: thomas a. burke who wrote (3528)10/22/1998 9:40:00 AM
From: DR. MEADE  Respond to of 4715
 
The following post bears re-reading : | Next | Respond |
To: Shadow (3509 )
From: Philip Bosco Wednesday, Oct 21 1998 1:44PM ET
Reply # of 3528
Shadow,

The Company never refused to provide an investor with the outstanding
shares. The transfer agent does not want to refuse to give out the
outstanding share information either however it became a problem when
the TA was receiving so many phone calls every 30 minutes from the same
people. Do not twist that into an false statement that the company is
refusing to give information because it is diluting the shares and is
trying to keep it a secret. LTGL has been spending money on legal fees
with a Florida Law firm to be a full reporting company. The idea that
LTGL is diluting shares and thinking that they are keeping it on the sly
is ridiculous. Every time any shares are traded you post that it is
dilution. Even if you would be correct about LTGL in terms of share
price, most of what you post is without facts. It brings me back to one
of the first things I remember learning in Law School from a Law School
Professor and that is - a little knowledge is dangerous. Some people
learn a little about stock trading and the next thing you know they are
making continuous posts believing they know everything and unfortunately
those that do not know any better begin believing them and accept it as
fact.

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Quotes - News - Discussion - $5 and UnderView SubjectMarksBookmark this
Subject

LITEGLOW INDUSTRIES INC (OTC: LTGL)Date: Oct 21Last Trade
0.011Change
0.000 ( 0.00%)Bid
0.010Ask
0.011Volume
000Prev.Close
0.011Open
0.000Day Range
0.000 - 0.000Last Tick
0-0Avg.Volume
01,486,5000
52-week range: 0.000 - 0.000
Discussion | People | MetaCrawler



To: thomas a. burke who wrote (3528)10/22/1998 9:42:00 AM
From: DR. MEADE  Read Replies (1) | Respond to of 4715
 
As does this one :
To: Shadow (3501 )
From: Philip Bosco Wednesday, Oct 21 1998 10:45AM ET
Reply # of 3529
Shadow,
I can assure you of this - The Transfer Agent is not of the same opinion
you have of dilution by LTGL and total disregard for shareholder
interest. I have spoken to some length with the company and have gotten
a full explanation of where they expect the stock to be within the next
ten (10) years. Perhaps they are wrong and you are correct. Time will
tell. Every time there is activity on this stock you continue to post
dilution.

These are facts I take comfort in as a shareholder. Back when the float
was about 60-70 Million shares the stock was trading at .13 a share.
This was an interim day trading high. This was before LTGL has completed
the China deal. This was before LTGL had secured the Pep Boy deal and of
course before re-orders from Pep Boys. This was before Trak Auto and
before the latest acquisition of B & B. Certainly more shares were
issued to raise capital for the aforementioned deals. It seems clear to
me that the funds generated from the sale of the stock was not poured
down a rathole.

When you consider what the stock is selling for now compared to the what
it was selling for then and compare that to the float then LTGL would
appear to be undervalued. Of course you could say it was extremely
overvalued before. I forgot to mention also that LTGL also hired a CFO.
The consultants that are working on behalf of LTGL are former Wal*Mart
executives. I think they know a little about retailing.

Maybe you are correct and you can say I told you so. But like I said
before I would rather see you make money than eat crow. The company has
been doing a lot of good things. The dilution would be terrible if the
money was poured down a rathole. If you find that rathole please let all
of us shareholder know.

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Quotes - News - Discussion - $5 and UnderView SubjectMarksBookmark this
Subject

LITEGLOW INDUSTRIES INC (OTC: LTGL)Date: Oct 21Last Trade
0.011Change
0.000 ( 0.00%)Bid
0.010Ask
0.011Volume
000Prev.Close
0.011Open
0.000Day Range
0.000 - 0.000Last Tick
0-0Avg.Volume
01,486,5000
52-week range: 0.000 - 0.000
Discussion | People | MetaCrawler

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