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

To: Ken W who wrote (4206)	3/13/1999 9:41:00 AM
From: Ken Ludwig	Read Replies (2) \| Respond to of 4715

They still have 195 million shares AUTHORIZED. That means they can sell those shares and redilute our equity. When they did the reverse they did NOT reduce the authorized shares so my distrust grew rather than diminished. I think they will P&D all over again to the full 195mm shares.

To: Ken W who wrote (4206)	3/13/1999 11:23:00 AM
From: jebj	Read Replies (1) \| Respond to of 4715

>I'm impressed to know that you are so un informed as to not know that when a reverse split is completed it reduces the entire outstanding by the reverse factor. So there is no play on words here, let's be clear - the operative words are "OUTSTANDING SHARES". The supposed 3.5 million OUTSTANDING SHARES are a very, very long way from the AUTHORIZED 200 million. As far as I know, a reverse split taking the shares to one would do nothing to the total AUTHORIZED. What it means is that LTGL can - and has, after repeatedly stating that they wouold not do so - sold NEW shares. Don't know about your DD, but mine tells me that they have played this PR drum beat before and then sold more shares when they were able to push the stock up. The stock then went to sub one cent! The question then becomes, are we seeing the same again? To think that it can not happen again - when they have a track record of doing so - is foolhardy, IMHO. >Sorry if you lost money on the reverse, I've been there done that before. Never understood it, but that is the way people think...More is better. The value of your lesser shares is the same and it takes less demand to drive the price up, but something about..."I have 10,000 shares of xyz stock just sounds better than, I have 1000 shares of xyz stock. Only interested in the amount I can take to the bank in hard, cold cash at some point in time. Also, as I had mentioned a few months back, I approached this stock just as I would a craps table in Vegas. I this point in time, I have lost well less that I would have if I had lost it on that one craps bet - to appraoch this stock in any other manner is, IMO, very, very foolhardy. >Just as an example The last run up, over double by the way was driven by less than 500k shares in three days. Does not sound like there are 195 million shares out there to be sold just yet. This is interesting due to the fact that more shares have been crossed and the stock price moved almost not at all. Wonder what caused the move this time and not the others? >I've done a good deal of DD on this stock, including talking to IR and getting all of the past press releases sent to me. MIght be good to go back and read this board rather than relying on their PR's. And as for the IR, did you ask why they refused to even discuss LTGL back about 8 months ago? Might be interesting to see what they say now vs what they said then. :) >As far as management is concerned. The company has a business plan, a product, an avenue to market the product, wants to grow through expansion and appears to be cutting costs. I'm not exactally sure what it is that you want from them. The company also has a track record - far, far more important than what they put in reports - that they have repeatedly promised would be audited but to this date have not been. I do wish all the best of luck with LTGL - but it is sad when one must rely on luck when putting their money with a company. jb

To: Ken W who wrote (4206)	3/13/1999 11:38:00 AM
From: Jim Johnson	Respond to of 4715

Ken, <<<The value of your lesser shares is the same and it takes less demand to drive the price up>>> Lets see...I had 12,000 shares I bought at 7.5 cents....I now have 200 shares worth 27 cents. Hhmm...$900 compared to about $54. There is going to have to be a hell of a lot of buying! As for what I want, a statement there was going to be no further dilution would be a good start. By the way, there is a striking resemblence of current press releases to the press releases that took us to the reverse split. Read them and compare. Jim J