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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Fred McCutcheon who wrote (1811)6/6/2000 9:22:00 AM
From: jjs64  Read Replies (1) of 2484
 
It is highly unusual, and quite misleading. LUMM gave cheap stock (in the form of warrants) to MOLX. Putting that through the income statement as part of the R&D line is deceptive at best.

usually, an expense like this is booked as a seperate line item called "non-cash compensation" not as R&D of SG&A, etc.

I wonder what the auditors will think, but the next audited financials are 9 months away.

Buyer Beware!
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