Did read the article in the Perth paper the other day on LUM ,then did some research on it ,
Great product with great potential but did not like the fact that they issued news shares in the company at 7.5c. Now trading at 25c ??
_______________________________________________
That announcement also refers to a placement of three million
(3,000,000) Lumacom shares at 7.5 cents each to the Mega Group to
raise $225,000. In the interest of clarification, the Company advises
that the placement has, in fact, been made to Mega Profile
International Limited, which is the founding member of the Mega
Group
_______________________________________________
And they have raised more capital ,
Basicly has the company got enough money to keep going and if so how much ,
looks to me like they need a cash flow pretty quick ,
will have a look again on a pullback .
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Did read the article in the Perth paper the other day on LUM...
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