another day, another record low for lum. in anyones language it is getting pretty hard to defend this stock. market cap now down to between $3 - $4 million, i am struggling to find a lower cap stock listed on the ASX.
how low can it go, is zero a real possibility? company has little or no debt so it shouldnt go broke but are we going to end up with a billion shares on issue? questions have to be asked, why has it taken 2+ years to get an advertiser on the marama hotel in turkey when the sign is apparently top notch?
unbelievable situation for a company who just reported a 5000% increase in revenues from the corresponding period last year, has little or no debt and promising contracts in china. very few are biting though, lum is a hated stock.
LUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
