Ann: Successful Completion of Institutional Entitlement Offer, page-2

'Planet Innovation, Lumos' largest shareholder took up their full Entitlement under the Institutional Entitlement Offer...'

Planet Innovation holds 40,124,915 shares. Their full entitlement(1 for 2.55) was 15,735,260. So, they participated 15,735,260*$0.19= $2,989,699 in the capital raising.

The total value of the capital raising was 41,900,000*$0.19= $7,961,000. So, they fell $11,200,000-$7,961,000= $3,239,000 short. They could only raise 71% of the offer and Planet Innovation covered 37.6% of the capital raising. Lumos Diagnostics was founded by Planet Innovation in 2015. This is practically the son asking for money and the father chipping in. This capital raising was clearly a fail. Do they really expect the shareholders to support this with the Retail Entitlement Offer?

'Lumos Diagnostics, a leader in rapid point-of-care diagnostics technologies...'

Since when Lumos is a leader in anything? They submitted their TGA applications for CoviDx over 8 months ago, and they still have not received TGA approval. The average processing time for rapid antigen test applications are 1-4 months. So, think about that.