lum news article, page-33

re: lum Well written Rednblu - deals with most of the recent issues I have concerns about. It comes back to keeping the shareholders informed. Durst are telling us one story and Lumacom are telling a different story. I have the feeling that the situation in Turkey is much more complicated than what they are leading us to believe. Maybe someone could explain the 2nd sentence from their most recent ann. "Currently the joint venturers are in the process of having the Council Permit issued in the name of Global. This process will enable the joint venturers to pass some of the
risk of obtaining Council approvals to Global." To me, it sounds like the sign doesn't have council approval or is council approval needed for each advertisement which gets displayed on the sign?
Regarding Sala having more to lose because he's more heavily invested in the company - that's true. He also is guaranteed an income of around $250k per year from the company and his 2 brothers take around $250k combined. From memory they have dumped around 5-6mill shares at around 40c av. about 2 years ago netting $2mill+.
Regarding throwing insults at the management - seems like people have begged and pleaded both privately and publicly for the company to be honest and give proper disclosure - this is still not occuring. Emails not returned either. No avenue to give management our thoughts other than a public venue it seems to me.