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

To: James Simonick who wrote (4275)	3/25/1999 11:08:00 AM
From: zonkie	Respond to of 4715

oops.....click next......edited and accidently entered twice....sorry

To: James Simonick who wrote (4275)	3/25/1999 11:11:00 AM
From: zonkie	Read Replies (1) \| Respond to of 4715

>>>>Further, the Board voted to authorize 1,000,000 additional shares as preferred shares, the rights and preferences of which should be established by the Board of Directors.<<< When you invest in a company you are in effect loaning that company money with the hopes of being able to get your money back plus something extra for them having the the use of it for whatever time period you hold their paper. What you base your decision on to loan that company money is completely up to you. A few of the things you could take into consideration is the past history of the company in terms of living up to their promises, their honesty, their predictions for the future and many other things. With the past history of LTGL I would definitely have to know the terms of this preferred stock. Why did they authorize it and announce it and at the same time say the rights and preferences will be established later? Has any of the preferred been sold or granted or whatever means of distribution do they have in mind for it if it hasn't? Who is eligible to purchase or receive these shares? Do you think the company didn't know what the rights and preferences would be when they had this meeting in December? Why wouldn't they tell you what they had in mind for them? I'm sure everyone can think of a lot more questions that need to be answered about these 1,000,000 preferred shares. Has anyone got any information on these preferred shares? Does the word "convertible" pop into anyones head when they hear the word "preferred". It does in mine. How about "blank check". z.......