Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DJ Byrne who wrote (3854)	12/28/1998 11:26:00 AM
From: Gary West	Read Replies (2) \| Respond to of 4715

Lets look at this from Spencers viewpoint. He's diluted LTGL up to 200 million shares and can't raise another nickel except through a reverse. The new share total of around 3 1/3 million will most likely create investor interest with the lower float. As this occurs, Spencer will in all probability sell more shares which brings us back full circle to sub-penny status. Unless he lowers the max shares his company can print, who will trust this man? He can reverse and print shares till hell freezes over which he probably will. GW