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


To: Mr. Jens Tingleff who wrote (3760)12/10/1998 4:45:00 PM
From: Walter Morton  Respond to of 4715
 
What is the post in which you asked the question?



To: Mr. Jens Tingleff who wrote (3760)12/10/1998 5:39:00 PM
From: Walter Morton  Respond to of 4715
 
Message 6754654

I have been into penny stocks since the late eighties. Every penny stock that I bought without waiting to read the SEC filing had made agreements like those above. A good example would be NCII, and MGMA and soon to be JAWZ. Look at there SEC filings on Freeedgar.com. By the way, I only own one of the stocks mentioned as examples.

To save you some time:

NCII has dilutes shareholders value by about 40% in nine months and will dilute it further buy another ~30%. Now, management wants shareholders to vote yes to increasing the numbers of authorized shares so that they may issue even more shares outstanding. However, NCII has several patents and is in talks with companies as large as $190 Billion. We are still waiting to see a press release that mentions Walmart. Like Walmart is going to save LTGL any better than Pep Boys did.

MGMA will dilute shareholders value by about 30%, but the company is growing at about 100%, so that is not so bad. LTGL looks like it has stopped growing.

JAWZ has set up financing through sale of stock. If JAWZ gets into a trouble, it will dilute the stock price by ~80%. However, JAWZ is in a growth market. If JAWZ is really as good as they claim, the stock price might recover in about a year. As far as I know, LTGL does not have a patent on its products and could be knocked out of the market by a copycat out of the same country that assembles its products.