LUM 0.00% 2.3¢ lumacom limited

activities review – december 2004, page-9

  1. Oak
    1,815 Posts.
    re: i see the knockers are out again micman wrote;

    5 million options have first expiry date on 31st May 2005 with exercise price at 11c. Money due from Turkey for final payment of signs - estimated around $400-$500k, plus recent capital raising of $600k, so I would think they will have around $2mill+in the bank by end of this financial year. This would be enough to last more than one year with no new signs. It would also be enough to build 4 signs the size of the large Turkey ones as well. So I'm not sure the finances are a huge issue now. Different story if Disney doesn't sign though


    Miscman

    Have you checked out the new photo's at Lumacom website Dr Pepper - enlightens us a little more as to where installation is at. Appears reasonably progressed, with 4 levels of the steelwork completed.
    Obviously cash reserves are pretty low, judging by the placement today. Very confused why a guy bought 434k at around 11c just before the ann. - obviously a plan to minimise the negative impact of the ann. - probably Intersuisse or Tolhurst buying that batch I reckon.

    I'll send you more of your rubbish posts, have no time now
    lol
 
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