so someone dumps their tiny allocation to tidy up the books, so what ... ?? i have no problem at all with holding lum at the moment (albeit as a long shot punt with lumos of just $5k or so) ....
the thing i would note (if there is any soul still alive here on the lum thread) is that the stock has held up relatively well in this end of year period. I expected to see the ords at .01 and lumos being dropped at .001; but thus far this has not happened. In fact the five million oppie bidder at .002 has only managed to eek out 300000 or so from disgruntled small holders ... will they start bidding at .003 when the end of year period is over?
would appear to me that there's not going to be a massive dump by the larger shareholders whcih certainly makes the future look a lot brighter as the new management and business plan attempt to right the ship.
Its a barking dog no doubt about it, but as others have posted it is undervalued even as a listed shell company with enormous tax credits built in....
i can;t believe im actually typing this, but LUM may well be a stock to watch in the next six months.
sensible posts expressing a view welcome.
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