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

To: Daniel Miller who wrote (4003)	1/20/1999 11:11:00 PM
From: Philip Bosco	Read Replies (1) \| Respond to of 4715

Usually when there is a RS the company will trade under the new symbol for a short period of time. It will eventually go back to LTGL, although I am at least happy to say I have never owned many dog stocks that have done a RS so I don't have much experience in this area.(I am glad about that). I am just still so bitter over the RS. I could get over it but I just don't have faith in the management that they will not continue to dilute the stock by printing new shares and selling them. The authorized is 10 million shares. Remember that the authorized shares was 200 million before the RS. If the authorized were reduced in proportion to the RS the authorized would only be 3.3 Million. I guess of course it would not matter anyway. Being a Nevada Corp. they can always decide to increase the authorized shares without any of us knowing. This has already been done when the authorized was increased from 100 Million to 200 Million. It just seems Management has this in mind. With Spencer's history it just seems like it will be too tempting for him to sell more shares if the stock price did move up to say 2.00 per share. The stock price would have to move up to $3.00 or $6.00 for most investor that were in before the RS to break even. Once management develops a little interest in the stock and develops a market for the shares again they may just start printing and selling. Just think this negative attitude is coming from someone who who used to defend management on this very same issue. I hope I am wrong. Good Luck to all of us.