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

To: jebj who wrote (4013)	1/26/1999 9:16:00 PM
From: Philip Bosco	Read Replies (2) \| Respond to of 4715

It really is a shame. Spencer has just lost all credibility. Even if his company was to sell $200,000 worth of product a week, none of the investors that have been burned in the past will trust him not to print more shares and just keep selling them. It seems to be his solution to everything. Good press release and then sell shares into the PR and continue the dilution. This RS was stupid. Credibility only has to be lost once. It is difficult if not impossible to gain it back. If he was to get any of his credibility back, for starters I would like to see a complete written and published guarantee from every officer of the company that there will be absolutely no dilution of the stock for at least the next 24 months. Of course Spencer did state in a PR last summer that the company had enough capital and no further dilution was necessary, then he proceeded to sell about another 80-90 million shares in the following months. I would love to see if there has been further dilution since the RS. I think the answer to that question will let us know what Spencer has in mind for the future.