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

To: RCDTD who wrote (985)	10/4/1999 8:54:00 PM
From: Fred McCutcheon	Read Replies (1) \| Respond to of 2484

<<BTW, just to set the record straight, LUMM is not a Canadian OTC stock. It is NASDAQ OTC>> Why is this company an OTCBB stock in the US?? 1. There are lots of shells in Canada 2. The price of a Canadian shell is a whole lot less than they apparently paid for the US shell (I know because I own two of them if anyone is interested) 3. All of the non-Molex private placement money has come from Canada 4. A lot of the posters on this thread are Canadian 5. The early newspaper articles were Canadian etc. etc. There is only one reason. If LUMM was a Canadian stock, listed or OTC, there would be disclosure of its circumstances equivalent to a prospectus, legally binding on the company, its management and its promoters. Unless someone can produce another credible reason for the decision to go US OTCBB I will continue to believe that it was done solely to facilitate the promoters (but perhaps not the management) of this stock. Fred McCutcheon