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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Currency who started this subject2/6/2003 10:18:29 AM
From: Fred McCutcheon  Read Replies (1) of 2484
 
Lumenon Receives Default Notices from Convertible Noteholders, Capital Ventures International and Castle Creek Technology Partners LLC
Thursday February 6, 9:58 am ET

MONTREAL--(BUSINESS WIRE)--Feb. 6, 2003--Lumenon Innovative Lightwave Technology, Inc. (NASDAQ SC:LUMM), announced today that it has received a Default Notice from each of the holders of its convertible notes, Capital Ventures International and Castle Creek Technology Partners LLC.

The notices request the immediate repayment of the convertible notes which are secured by a security interest in all of the present and future property rights and assets of Lumenon and its wholly-owned Canadian subsidiary, LILT Canada, Inc. ("LILT"), including the shares of LILT. All of Lumenon's activities and operations are performed through LILT.

All the gory details at biz.yahoo.com
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