theft and corruption, page-5

TheFridge - the strike price of the oppies are NEARLY free, the placement is at less than half the price of what the share price was at the time of the announcement. LUM do not need cash at the moment. If they do need the cash, they need to indicate what they are going to use if for.
Regarding cash burn, I agree, the current management is not spending much, but it doesn't appear they are actually putting any effort into developing the company either. The dilution is the big problem here - going from memory a little bit at the moment, but I think the current management came in when around 375mill shares were listed - now when their oppies get converted I would think we'd be at aroun 900mill+ shares. And what has the company done in the past year? Paid the management's wages and nothing more. So it has cost LUM shareholders 500mill shares for a very minimal increase in cash reserves and nothing more. This purely a case of screwing the shareholders a takeover by the management without the shareholder's consent or an independant expert's opinion.
It's a farce and it isn't fair.