m8, there are dozens of resource stocks out there with similar cash reserves, zero resources, zero revenues all looking to find a needle in a haystack....
advertising is a solid business. lumacom has been a dog but vertigo is getting decent runs on the board. the last two quarterlies show recurring revenue, something lum has not had for the majority of its 6 or so years as a public company. the shanghai schools contract alone potentially could give lum a $40 million USD contract over 5 years, and unlike other tech companies with contracts in china, revenue is rolling into lum...
they have enough cash to keep operating for a while yet, why would they want to raise extra cash with a sp of 2c? the current market cap of $5 million is ridiculous given the vertigo acquisition.
LUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held