lum, page-37

re: **let me rephrase-lum buyers are crazy LUM has around $1.5 million in cash as of the last quarterly financial report a couple of weeks ago, this is not including the handover of Istanbul or 4TS.

I questioned Wally from the company when I last rang about funding arrangements for future growth and he assured me that they are looking at several options which may include loans, capital raisings from existing shareholders or partnerships.

He agreed with me that a capital raising with the shareprice at around 10 cents would not be desirable and indicated that if future deals were with reputable, blue chip clients the company would tend to favour a credit arrangement.