Lets think about this logically which a few posters have.
Who would buy $1.5m of shares on offer from a Rod Sala(MD of LUM) related company without first doing their homework on the potential of Lumacom. You would think anyone with $1.5m to spend would have enough business sense to thoroughly research the quality of their impending investment.
Therefore: They have done so and have seen Lumacom as a sound investment. They may sell small parts of their holding on the way up but this to me would lead to a controlled rise which as we all know is much more sustainable that a huge run up and inevitable plunge.
IMHO holders should continue to hold whilst adding to their holding buying on dips.
To me those 5m shares changing hands was the event that marks the beginning of an exciting time for LUM investors.
LUM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
