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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Fred McCutcheon who wrote (737)9/8/1999 10:40:00 PM
From: Jane4IceCream  Read Replies (2) | Respond to of 2484
 
Doesnt LUMM have to meet the new guidelines imposed by the OTC by a certain date this year or risk the chance of getting delisted to the pink sheets? I believe that means it is necessary to file financials.

Correct me if I am wrong here....

Jane



To: Fred McCutcheon who wrote (737)9/8/1999 10:51:00 PM
From: Q.  Respond to of 2484
 
LUMM's market cap is excessive: $156 M basic, $269 M fully diluted.

That's based on a stock price of 7 1/4, and the shares out indicated in today's news release.

With this placement Lumenon will have 21,582,000 common shares outstanding and 37,121,366 fully diluted, taking into account the maximum number of shares to be issued under its agreements with Molex Incorporated, and all shares issuable under existing warrants and stock options.


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