LUM 0.00% 2.3¢ lumacom limited

if Sala could sell any of the LUM signs while he was at the helm...

  1. 356 Posts.
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    if Sala could sell any of the LUM signs while he was at the helm the shares wouldn't be trading at .001 now.

    he and few others like him did a lot of selling when LUM was trading at its All Time Highs but they didn't tell the shareholders or conveniently forgot to announce that to the market.

    Memories are gushing back now.

    Him and his brother did particularly well ie sold their shares and bought real estate in WA. Salas were not alone by the way there were others before him.

    I have no issues with directors selling - only when they prefer not to disclose their transactions to the market. Particularly when they are privy to special knowledge and information (ie worthless shares trading at 90 cents. its too irresistible opportunity to pass up.

    That's what exactly happened in this case. We all got screwed.

    good luck to all the borders.




 
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