LUM 0.00% 2.3¢ lumacom limited

very impressive ann., page-7

  1. 1,577 Posts.
    re: volume going thru The only real achievement of LUM;s management ahs been the destruction hasahs not been one thing that the present and past management ahs done which has not turned into disaster. No matter how hard Sala tries to spin the company's achievements nothing has eventuated without tears and at substabtial losses to the company.

    There hasto be some severe cost cutting at LUM. But how? You cant fire some people within that organisation. But for us who have been shareholders in LUM will not have to worry for much longer. Unless there is a rabbit pulled out of the hat soon the company will be placed into adminisitration within the next twelve months. The company is just bleeding. No amount of loans/convertible notes/salary sacrifices will help.



 
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Currently unlisted public company.

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