LUM 0.00% 2.3¢ lumacom limited

Regarding your comments yesterdays of ceo selling...

  1. 10,009 Posts.
    Regarding your comments yesterdays of ceo selling shares......The Ceo s company holds 24 million shares.....15 million were options converted on 15th july at a cost of 20 cents......$3 million cost to his company....In September the same company sold 5 milloion at .75 cents raising $3.75 million......The amount that would be required to retire any debt from the option conversion.....10 million shares left clear profit....Conservitive and sensible strategy....thats the same strategy used by hundreds of people who are members of this forum.......Buy a heaps and hopefully sell some to get their money back and let the profits run.....He still owns 25 percent of lumacom and working hard to make the company a great success for the shareholders and his own family interests......

    And further on the subject of downramping and damaging the companies credibility in the market place that has been practised by some on this forum....They run a very real risk of causing commercial damage to the company when it comes to the matter of raising capital, equity and financing....And the real risk of damaging th interests of any option holders interests.....Legal action has previously been taken against a poster inb the WA supreme a few years back by a aggreived company director.....Very dangerouis sport for personal gain.....Running the risk of legal action from several differant parties.......If that poster was then found to have used several nick names defending the matter would be very difficult.......Just a point for downrampers to remeber.....The market cap of theis componay has fallen some 38 million from its peak in october......Thats big bikkies.....
 
watchlist Created with Sketch. Add LUM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.