i think wally is probably one of the very few people that have...

i think wally is probably one of the very few people that have been involved with lum long term that has actually done ok with it. at $180k a year he cant complain too much, i know he has a lot of responsibility in running the office, doing the accounts etc but $180k for a tiny company like LUM that is still losing money is incredible. years ago i was assistant manager for a coles supermarket - i often worked up to 14 hours a day, 6 days a week for a salary of $45k. and i dont think my responsibilities would have been a lot less than wally's to tell the truth!

a couple of other points. lum still own 50% of the istanbul sign which cost them virtually zero, and the 4TS sign after R&D receipts was also close to a freebie. Rodd actually did do a good job in that regard for those two signs.

the chart looks terminal and i have no doubt that many shareholders are extremely anxious at this time. for some reasons i dont feel any such angst, i think this really will be a case of patience being rewarded, we just got to ride it out and wait for some news from vertigo which hopefully improves sentiment.