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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: surelock who wrote (826)9/12/1999 12:54:00 PM
From: jjs64   of 2484
 
Surelock;

Great finds, great research. I always find it amusing how the bulls on an OTCBB Reverse Merger POS never seem to be able to find out this stuff on their own. Are they blind?

Instead, they just try to attack the individuals who actually take the time to research an investment.

And the question remains, with so much reputable VC money going to photonics start-ups why did LUMM hook up with Mikulic, Saviuk, and crew?

If everything was so great Josef Strauss could have bought the whole damn company with his pocket change....but he didn't!

If the technology, product and management were so good they certainly would have had better offers, and would have the industry contacts to get funded.

I think it is important to understand exactly what MOLX paid for their stake in LUMM:

2.5 million in cash for 25% of the company = .27 cents per share

They valued the whole company at $10 million! Thats it $10 million. All LUMM was valued at by MOLX was a measly $10 million, about 37x its current valuation.

Buyer Beware!
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