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

To: Kent Rattey who wrote (850)	9/14/1999 9:36:00 PM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 2484

Kent, The 1.6 mil that LUMM received cost the shareholders a lot more. If the group that bought the shares and warrents sold the shares and exercised the warrents at the average prices the last few days they netted about 2.67 million dollars above the 1.6 that the company received. This is the real problem with BB stocks, they keep selling stock and giving away warrants and the float increases and dilutes the value. cdaiseyPhD@Univ-Quebec.edu

To: Kent Rattey who wrote (850)	9/15/1999 12:13:00 AM
From: Don Johnstone	Read Replies (2) \| Respond to of 2484

Yes Kent I did see it. Capacity will increase 30 fold, which is amazing considering they have not officially started to produce yet! The initial financing for this expansion which undoubtedly will require new facilities somewhere as yet undetermined takes place well in advance of the actual increase in production because of the need to secure a place in line for equipment such as a mask aligner which requires 6 month advance notice. So the new plant will be at least that far in the future. More financing will be required as time passes and contracts are awarded where necessary. I understand that a well known Boston based institution took all of this recent financing and was looking for more! I assume that is what drove the price up most recently. Cheers, Don