Really?
Maybe you are right as there were just one LUMM tout, going by the moniker "GERBER", and he was underway quite timely, LUMM soared later.
Only recently it went parabolic, somewhat, gerber touted it when it was way beyond 5. Yikes.
They handed out cheap stock:
biz.yahoo.com
and not as cheap as before:
biz.yahoo.com
Also:
Under the agreements announced on May 22, 1999 between Lumenon and Molex Incorporated, Molex was issued warrants to acquire up to 1,666,667 shares of Lumenon common stock at $0.90 before June 2001. Lumenon is pleased to announce that Molex has exercised these warrants for proceeds of $1,500,000. This brings the number of issued and outstanding shares of Lumenon common stock to 23,760,167 (fully diluted 37,209,367).
Mr. Ponzi would jump around and laugh all day long! |