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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Don Johnstone who wrote (2137)11/27/2000 8:45:04 PM
From: pat mudge  Read Replies (2) of 2484
 
BTW did I tell you what I learned at the AGM? Big happenings on the horizon. LUMM is in various stages of sales talk/negotiation with 26 companies, and serious, near contract signing with ONE! Boy I hope it's Nortel. But with my luck it's probably No Tell - there are 4 NDAs.

You have no shame.

LUMM's management can make all the promises it wants, but the truth remains the most recent quarterly report shows the company has no earnings and no revenues. Before you start dropping hints about future glory, please discuss when shipments for revenue will begin.

A few posts to refresh your memory:

1) yours suggesting JDSU and SDLI are being threatened by LUMM:
Message 13750461

2) mine analyzing SEC documents and asking about shipments to Molex beginning in July:
Message 13259060

SEC filing:
The Company is perfecting the materials and processes for its DWDM products in its existing pilot facility in preparation for the expansion of production. Under the Teaming Agreement, the Company will produce and deliver to Molex up to a maximum of 400 units per month, upon satisfactory testing of such devices commencing in July 2000. All of the Company's production of the jointly developed products (the 8, 16 and 32-channelDWDM devices) for the first year is reserved for Molex, and thereafter Molex will have the option to purchase all of such products at fair market value for the succeeding three year period.


3) debate on the importance of studying public documents:
siliconinvestor.com

You say VCs will be converting soon. When does it begin and how many shares will that throw onto the market?

Pat
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