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

To: AriKirA who wrote (4086)	2/12/1999 5:43:00 PM
From: HIGHPLANESDRIFTER	Respond to of 4715

That was in excess of 10% of the issued shares ... up here, we call that a controlling interest ... might also qualify as a restricted trade of some sort because of % of company changing hands ...??

To: AriKirA who wrote (4086)	2/12/1999 9:01:00 PM
From: Philip Bosco	Read Replies (1) \| Respond to of 4715

I don't know what is going on with this company. I don't think anyone will ever figure it out. I know when I jumped on Spencer the other day, I was surprised when the TA confirmed to me that no additional shares had been issued. Word from the company is that there will be no more shares issued except if there is another acquisition. Of course we have heard those stories before. It is because of the events over the past year that this company is in this situation. Talk of .15 per share in earnings means nothing. I remember stock newsletters projecting .11 earnings per share for the year 1998. Those forecasts were made around the 3rd quarter of 1997 and before 175 Million shares were added to the float. Could the .15 per share projection just be a repeat of what was already done? Now you have to also calculate in the fact that the investors that are still holding this stock are ready to bail if the stock goes up at all trying to get back some of their money. This will also make it extremely difficult for this stock to move to the upside. Becoming fully reporting, absolutely no more dilution and audited financials are the steps this company must take to begin to repair the damage that has been done to investor confidence. After awhile most of us will just get sick and tired of it and bail.