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

To: Gary West who wrote (3856)	12/28/1998 12:57:00 PM
From: Tomstocks	Read Replies (1) \| Respond to of 4715

IN ALL FAIRNESS TO THE EXISTING SHAREHOLDERS if he wants to prove himself as doing the right thing he should give warrants (unrestricted) to the shareholders that are in before the reverse occurs. Just my opinion! Have a good holiday!

To: Gary West who wrote (3856)	12/28/1998 5:23:00 PM
From: jebj	Read Replies (1) \| 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 Well, I almost agree with you, GW. But to do so - IMHO - would seem to open the door to one MAJOR legal action for fraud. If he does, in fact, attempt to do so, can you spell SHAREHOLDER LAWSUITE and action by the SEC and Justice department? jb