Did read the article in the Perth paper the other day on LUM ,then did some research on it ,
Great product with great potential but did not like the fact that they issued news shares in the company at 7.5c. Now trading at 25c ??
_______________________________________________ That announcement also refers to a placement of three million (3,000,000) Lumacom shares at 7.5 cents each to the Mega Group to raise $225,000. In the interest of clarification, the Company advises that the placement has, in fact, been made to Mega Profile International Limited, which is the founding member of the Mega Group _______________________________________________ And they have raised more capital ,
Basicly has the company got enough money to keep going and if so how much ,
looks to me like they need a cash flow pretty quick ,
will have a look again on a pullback .
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held