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


To: Ken Ludwig who wrote (4208)3/13/1999 2:16:00 PM
From: zonkie  Respond to of 4715
 
Ken i'm not positive about this but I think if you will check you will find that when they did the 60/1 reverse they decreased the authorized to 10,000,000 which in effect was the same thing as increasing the authorized (presplit) to approx 600,000,000.

z.........



To: Ken Ludwig who wrote (4208)3/13/1999 8:58:00 PM
From: Ken W  Respond to of 4715
 
Ken,

Perhaps then you or one of the other positive people about this stock can help me then. If the stock more than doubled in less then 3 days from .23 to .49, both bid prices on less than 500k shares and has now come down to .27 on less than 100k shares, where was the dump? I obivously missed something here. The largest day of volume was 286K shares the day it hit .50 ask.

Now if I had 195MM shares to dump on the market would'nt I sell at least 1MM shares into that strength if I wanted to garner some money for myself or the co. The math just does not add up. Personally I bought the stock at .25 it dropped to .22 and then went to .49 bid, I sold have of those shares and now have the balance for free. So frankly I don't care if the stock goes to 0, which it won't, as I have profit no matter what.

Ken