LUM 0.00% 2.3¢ lumacom limited

major shareholder sold, page-4

  1. 15 Posts.
    I was aware of this. However, if he was one of the original investors (which I think he would be given that he has 8,500,000 shares) he wouldn't have paid 20 cents for each share.

    He is more likely to be a seed capital shareholder and bought them when they were an unlisted public company and spend 5 cents on each share.

    After all, if he bought at 20 cents, he needs to have a lot of balls to put $1.7 million into a developing company, which by reason does not sound right.

    If you did your research properly, LUM offered in their initial prospectus only 15 million shares to raise 3 million. This almost certainly confirms that Piano did not get his shares on listing, but before the company got listed.
 
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Currently unlisted public company.

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