re: lumacom >> arthur
as i mentioned, i was tempted to get out, when the money ran out. from placements, they have raised maybe 3/4 million dollars. also i see that some options are due to be exercised shortly
2,000,000 Options exercisable at 20 cents each on or before 1 March 2003 2,000,000 Options exercisable at 25 cents each on or before 1 April 2003
hopefully that will raise $900.000.
i tend to be shy of companies that need money. often it is a down hill run, as more and more shares are issued , at ever decreasing prices. of course, the directors of cash strapped companies still like to get their mega salaries for doing very little
lum is certainly a punt, and being speculative, the chance to loose money is very real. i would not mortgage my house on - that is for sure
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
