re: lum shareholders down the plug hole Actually some good news, the $220k per month running cost figure was for the previous financial year. Apparently they implemented a major cost cutting strategy and judging by the companies last quarterly report they have trimmed their cash burn to around $100k per month. Cash balance was $1.668 mill.
At this rate they have around a years cash up their sleeve even including rent for 4TS - if they are paying rent, I need to confirm this with the company (some people are claiming they are trading free advertising to Durst and Bank of America for rent).
This makes me feel a lot better, they have more reserves than i thought.
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re: lum shareholders down the plug hole Actually some good news,...
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