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

To: Mike Hardy who wrote (1174)	11/21/1999 8:58:00 PM
From: lindend	Read Replies (1) \| Respond to of 2484

Read the 10 k and the recent press release What 10k? Do you mean the form 10? As far as press releases, I only see the issuance of a patent release and application for NASDAQ listing. Is there anything else I'm missing? There is nothing of any substance here to explain 3x increase in price and a market cap of near 1 billion (fully diluted). Especially for a development stage company with no revenues and minimal R&D expenditures. What do u consider massive dilution? how many shares? The form 10 says they will need to raise an additional 20 million. The past financing clearly indicates that this financing will not be friendly to existing shareholders. Who is Afrayem? Look through this thread's history. Here's his profile. Member 4857108 He has a long track record of promoting shall we say questionable OTC BB stocks. NCDR, SNMM, XDSL, ECCC, MYWB, CDDD, and so on. His promotion of LUMM is by no means conclusive, but it is a very strong indicator that something is amiss. If you're comfortable with your short position and don't need these questions answered,fine will just wait and let the market decide. Its interesting that I was the one that posed four very serious questions directly from the Form 10 and all remain unanswered. You state that LUMM has proven itself, but the Form 10 clearly states otherwise. Lumenon was founded in 1998. It is a development stage company and, to date, has not generated revenues from sales of its products. Accordingly, the Company's operating history provides no basis for evaluating the Company and its prospects. The Company must, among other things, successfully develop and commercialize its products, respond to competitive developments, attract, retain and motivate qualified personnel, expand its operations and market and sell products incorporating its technology in volume and at profitable prices. There can be no assurance that the Company will be successful in addressing any or all of these factors or that the Company will achieve or sustain significant revenues or profitability. The Company's future will depend on its ability to develop and commercialize products based upon its proprietary technologies. The Company's first product, the DWDM optical chip, has only recently entered pilot production in limited quantities and the Company expects to make only limited shipments of chips in 2000. Even if the Company's products appear to be promising at commercial launch, they may not achieve market acceptance, may be difficult or diseconomic to produce in large volumes, fail to achieve expected performance levels, have a price level that is unacceptable in the industry or be precluded from commercialization by the proprietary rights of others. There can be no assurance that the Company will be able to successfully develop, manufacture and market products on a timely basis or at all, achieve anticipated performance levels, gain industry acceptance of the Company's products or develop a profitable business. The Company expects to invest considerable resources in developing and marketing new products. It anticipates that its operating expenses will increase substantially in the foreseeable future as it continues to develop its technology and products, increases its sales and marketing activities, and expands its assembly operations. It also anticipates that it will not recognize revenues from product sales before the second quarter of 2000. The Company therefore expects to incur losses for the balance of 2000. The extent of future losses and the time required to achieve profitability, if achieved at all, is highly uncertain. Moreover, if profitability is achieved, the level of such profitability cannot be predicted and may vary significantly from quarter to quarter. Looks like no meaningful revenues until at least 2001--is this how you define proving oneself?