++++nina+++++, page-2

rampers I hold a crapload of LUM and I do appreciate when there are posts that support the share. However, I do cringe when I see post made by Nina and a few others (sorry to point you out specifically)

The share has been doing pretty badly in the last few months. LUM doesn't need the negative publicity from ramper's telling the whole investment community that current shareholders of LUM don't have their thinking caps on by making post like:

1. Rumour about deal with Time Warner
2. Friend sat on a plane with Rod Sala
3. Announcement this Thursday

LUM isn't going to move until the deals get signed, although I do think they are unvalued (which is only an opinion so don't bag me on it)

Consequently, there are a lot of arguments being put forward about the revenue recognition of LUM. There are a lot of answers and opinions, but from of which I read, they are all wrong. I cant be stuff writing an essay, so go and read the accounting standards if you really want to know.

There is no point bagging the current SP of LUM on the basis of what was reported in the reports for period ended 30/06/03 and 31/12/03. Keep in mind that the share price based on the discounted future cash flow. Which means FUTURE and not PAST. And Past is not an indication of what will happen in the future, especially for a developing company.