Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: topstock who wrote (27656)	8/16/1999 12:02:00 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 77400

Fair enough, sir. Fair enough.

To: topstock who wrote (27656)	8/16/1999 2:01:00 AM
From: stilts	Respond to of 77400

Lumenon is trading at $2 1/8 per share. Yet, just two weeks ago they finished privately selling, for only a buck apiece, a "unit" consisting of one share plus one warrant (exercisable for only $1 1/2 any time over the next two years)! Sounds like the retail buying public is being given a cold Canadian bath: DORVAL, Quebec--(BUSINESS WIRE)--July 28, 1999--Lumenon Innovative Lightwave Technology Inc. (OTC BB:LUMM - news) is pleased to announce that it has closed a private placement, initiated in the beginning of June 1999. The private placement of 960,000 units amounts to gross proceeds of US$960,000. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of US$1.50 for a period of 24 months. The proceeds from this financing will be used to bring to market the photonic chips that the Company has already developed, and to introduce new products to the photonics market. stilts