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: jebj who wrote (3970)	1/14/1999 11:02:00 PM
From: Philip Bosco	Read Replies (1) \| Respond to of 4715

LTGL is a Nevada Corporation. That is one of the reasons Spencer was able to increase the authorized shares from 100 Million to 200 Million without any of us even knowing about it or getting to vote on it.(Nevada Corporations can do such things). Something occurred to me within the last few months. When I was doing some due diligence on this company at the end of the year of 1997, I got wind of the fact that the company was considering a RS. I did not invest in the company because of that fact alone. Later from reliable sources I heard that the RS was not going to happen. I invested in the Company and a press release came out from Spencer saying he was happy to report that a RS was voted down. The stock went from .04 to .13 in about 6 -7 trading days. Now I wonder how that vote was done back at the end of 1997. Spencer must have sat in a room by himself and argued with himself until he decided a RS will not take effect. Since Spencer had about 40 million shares of this stock I wonder how the vote was done? I wonder which half of his brain was for the RS and which half of his brain was against the RS? Just something to think about.