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

To: Major Tom who wrote (4241)	3/16/1999 8:06:00 PM
From: Jim Johnson	Respond to of 4715

Major, If you like a reasonable gamble, check out SITR. I own both, but right now I think Sytron is a better bet. I'm not against LTGL, far from it. I just wish we could have confidence in management. I'll gain that in time as long as I don't see any dilution. Jim J

To: Major Tom who wrote (4241)	3/18/1999 1:25:00 AM
From: Jim Johnson	Read Replies (1) \| Respond to of 4715

Ok...I called LTGL today. I spoke to Micheal Krumholz. I told him of the investor concern over the dilution and we all wanted to know if it was to comtinue. He said the reason the share count was specified in the last PR was to reassure everyone they were not selling any further shares. I then reminded him of the PR last year stating no more dilution, then in a matter of days they sold shares again. I do not remember a direct quote, but what he said was that they had learned their lesson and knew better than to do that again. He said the only way additional shares would be issued would be for an acquisition. The conversation was friendly, but I did tell him we would prefer a PR stating that if there was further dilution it would be accompanied by Spencers resignation. As for general business, he says they are establishing new customers and looking for new industry segments to enter. He said the deal with Winnebago was a great boon to them and raised them from small fry to the big leagues and now additional doors were open to them. He stated that they had begun efforts to become as reporting company as required by the SEC, but it was not to be in the near future. He gave me the phone number of the transfer agent and suggested anyone wanting to know the share count at anytime just call them at 1-801-278-1777. We discussed this discussion forum on SI. He said they were not aware of it, but he would make it a point to look it up and read the posts. I suggested that LTGL join SI and be available to answer general quesitons. Some companies do reply in the message areas as long as the questions are general. He seemed quite interested. I also asked how many Directors there are and who they are. He said there are 10, recited several names, but did not have a list as such available. He did remark about Spencer had the most amount of shares so his vote carried the most weight. I suggested that usually the Chairman does not vote, the other Directors do, the Chairman just brings issues to the table and serves as tie breaker. The conversation was friendly and informative. He is quite "UP" on how the company is doing. He did remark that investor calls are welcomed by any investor anytime and urged me to call back if I had more questions. My efforts were to keep it friendly, yet let them know there clearly were doubts by the investors. Jim J