lum ann, page-10

re: another useless update The summary of the report really is that LUM has done nothing for the past 6 months, other than spend money and wait for the signs to be installed. And before I get criticised, people should remember 2 things -
Lumacom is not installing the signs and therefore their focus should not be on this aspect
Lumacom are not finding the advertisers as they have partners for this
* Lumacom's primary focus at this stage is finding new locations for the signs and new partners - it appears they haven't made progress on either of these aspects in the past few months. Very disappointing. Wonder if they realise that there is still significant cash burn while they sit and wait for Turkey and 4TS to be switched on. Lumacom have got little potential for increasing their revenue now, for at least 6 months, even if they got another contract tomorrow. So a capital raising by the end of June is a near certainity