Munch you obviously have no idea what your on about...the only thing you have corect is lums market cap.
You are reading last years financials...lum has spent the last 2 years building the business and getting partners on board..this has been completed with the mega group in europe and toius in the US.
In the last 6 months they have built the sign in barcelona ,they have 3 more signs to go up in scandanavia announced last week,they have another sign in the US that they have already been paid 1.4 mill for,they are on the verge of getting the times square project estimated to be worth 50 mill over 7 years and they have another 50 interested parties already.
They have 6.5 mill cash in the bank and nta of 2c.
You have researched this company for 5 minutes and pretend you know what its worth,im happy to discuss the company in more detail to show you how little you know if need be.
cheers
One thing that doesn't gel with me is that LUM has already made several contracts with their product yet only had revenue of $100,000. Now the market cap is $75m?
One news paper article in the West Australian making up numbers (I think one was $45m) and a few rumors are all that's holding up the share price. This little puppy could sink big time.
I can't believe this stock, it's almost as big a dog as MUL and the code is just the reflection of the other...lol.
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