the problem is that outside of vertigo the company is in essence, a shell...
lumacom itself has achieved very little in around 6 years as a publically listed company. vertigo has given it a heartbeat, a range of products that it has sold to high quality clients such as louis vuitton, coke, the worlds tallest building, bus shelters etc, rather than a single product (lumapanel) that almost nobody wants.
this is why i think lumacom should change its name. lum has been an abysmal failure, even daytraders who will push almost any dog on its day for a quick buck have avoided this stock because 99% of the market are convinced it is a no hoper and they dont want to get trapped with stock. changing the name to vertigo aust, or whatever might grab a bit of attention for the new business.
LUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held