This company is only a vehicle now for John Dollison and Co to make $$$ imho.
They will need to raise further capital, will either be a very cheap placement through a broker - followed by the release of news 2-6 weeks after the placement to allow the "sophisticated investors" to dump as has been the norm over the past few years we will have to see. I think they might go with a rights issue myself.
The answer to this companys flagging fortunes is simple. John Dollison just doesnt have a big enough stake yet. When he does expect an improved promotion/ramp of the company. We all know it isnt as sick as is being portrayed but for the average shareholder, it is torturous.
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
