Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-41

LDX is currently trading only on TA and day traders and a few big holders selling back and forth to themselves, to hoover up shares from antsy retail holders. Any news is insignificant. The increase in sales is not reflected in the price. The $10 mill USD IP sales (no costs, just 100% margin) is not reflected in the price - and only serve to have the share jump around, so the TA and day traders can have fun.

Lumos reminds me of A2 Milk. That went from 50 cents to $18 over the course of 4 or 5 years just selling the product they had. They had a good product, then China signed up as their market and off they went. LDX has a product. The US FDA has signed up as their market. They should fly by simply making and selling their product. Yet their product sales are a drop in their revenue bucket right now. They are having increasing services revenue and now IP revenue.

Re 'what is a fair price'. Let me get out my string and see how long it is.

The only thing I can rest assured on is there seems no downside risk. I mean with the revenue they have flowing in, and it being on the increase, the current price does seem well under what it should be. I would be happy with NO news for a while and let the share slowly, slowly grind up. That way it stops being a trading share. Heck if the share goes up 3% a month for ever, eventually we will be where we should be. Where we SHOULD be, based on the past supports should be over 10 cents. Before all the good news, the share was very steady around 10 cents. The share only fell 30% because management did a shonky cap raise (at 7 cents to insiders only) when the price was 10 cents. So there was NO fundamental reason to get back into the 7 cent range.

So.... I would say, right now, the share should indeed be 12 cents to 15 cents. That is just based on a floor of 10 cents plus the recent good to great news. But, that said, since nobody is buying on fundamentals, there is no price discovery. It is just day traders and TA guys. Mind you, the TA guys have been proven very wrong. These sell downs have really been against their charts.

And we have the pump and dump consters. I really dont know how that can work. I mean a pump and dump needs dumb retailers to play. This may simply be where the few big insiders traders are having the most fun. They sell to themselves, the pump, then sell back to themselves, the dump. And in that wash perhaps they pick up more shares. But that means retailers need to give up at some stage and sell what they bought. Will retailers who bought last week at 7.7 cents sell what they bought if a dump gets it back to 7.3 cents.

To be honest, this is why I dont want good news. Any good news will rocket the price up 20% then down 30%. It is very unpleasant to watch. I would prefer to see a slow grind up on no great news. Just a steady as she goes ship.