SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Luminart - LUMNF, LUMN-T
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kit H. Lou who wrote (32)9/19/1996 5:56:00 PM
From: Brian MacDonald   of 329
 
Kit/Paul,

I spoke to Chuck Courson today and told him that it's just a matter
of time before I part company with LUMN. They've always got a new
strategy and did you see what they are paying for the Audit? They say
they won't pay all of it, but they'll likely pay most of it - either
them or the lawyers. What a joke! They can't even agree with their
accountants re: the cost of an audit. What really galls me is that
they did so poorly with sales in the US. Something like $2.1 M for
the year. Thank god for India.

I expect we will see a few waves of selling and that when the action
is at a climax on the downside, I'll be buying. But I doubt that I'll
be in for the long term any more. I cannot believe anything they say
and that's a big no no. If they hadn't shot their mouth off about
sales being in the order of $14 M and earnings of 9 Cents CDN, I
wouldn't care. But they repeated this like a mantra and not ever did I hear
something else. OK, subtract the India situation and you still have
a 15 cent swing. How can anyone be so far off 2 years in a row.

It's not like the numbers are large either. Heck, I could maintain a
sales picture on my desk top for the 9 Million they've done.
Who needs a sophisticated accounting package?

Do you remember a firm in Ottawa called Systemhouse? One year - not
too long ago, they had said that sales were going great and they were
going to be making a fantastic profit. The stock soared on the news
and they did financing and everything was going fine. Then a couple
of months later they announced that they lost $100,000,000. Oops!!
Golly, how did that happen?

Seems familiar, only the numbers are now smaller.

Ttyl.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News