:-) ....... :-)))) >>>>>>>, page-8

re: lum The operational update issued today seems to give some clues as to the future. One still has to read the update very carefully as previous updates which have been more optimistic than realistic given the abilities of LUM's management. HOWEVER, the update does indicate that the panels for 1 side for 4TS is being manafactured for installation in the next quarter. Dr Pepper did hint something along those lines with respect to perhaps being ready before the Olympic Games in August. One has to conclude that advertisers are ready to sign up for this site. This should lead to some revenue of a reasonable nature flowing to LUM. Whilst a positive spin has been placed on revenues being earned from Barcelona, I still think that there may have been a reduiction in fees in order to get more sales. There does not appear to be any further revenue from the Moscow site. No doubt the final figures will appear in the final quarter's result. I guess the real saving grace is that there has not been a signicant burnt out in expenditure and the company had at the end of the 3rd quarter some $4 million in its account. The future does look positive but it will be a long time before the sp recovers. Go LUM