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

To: Mr. Jens Tingleff who wrote (3819)	12/22/1998 8:50:00 AM
From: AriKirA	Respond to of 4715

To be honest, I am very surprised to see the company reverse not only the number of shares outstanding but also the number of shares authorized. However, as mentioned in another post, an increase in the number of shares authorized is quite simple. Since they hold most of the shares outstanding, the latter would be just a formality. Now,what we have to look at are the preferred shares. 1,000,000 preferred shares, the rights and preferences of which should be established by the Board of Directors. IMHO, the rights and preferences of these shares will be the key in identifying the true nature of this reverse. Still waiting for them to become a filing company! Is this the first step... Regards AK