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

To: Yankee Trader who wrote (1935)	7/30/2000 2:46:24 PM
From: John Curtis	Respond to of 2484

Yankee: Yup, warrants were involved, too, in those aforementioned companies(see their 10Q's from ~one year ago). INCA, et.al., is Instinet, mechanisms(some would say "masks") behind which shorties, etc., stand and attack in a "cloaked" fashion. That is....you can't see exactly who's dumping, selling, buying, etc.. All you can see is the volume and methodical pattern. But rather than bore this thread with OT details of the attacks which unfolded around those two companies, and which lasted the better part of 11 months or so, you might go back a year and review the relevant threads. Informative posts by Zeev, Rich W., et.al, along with others who had Level II access and who were giving "blow-by-blows" at one point, allowed other longs to remain stead-fast. I will say I find it interesting how Castle seems to find good potential companies(but to be fair they probably have financed their share of dogs, too). Companies who happen to need cash at a critical juncture. And once "in bed" with the company, they then proceed to drive them into the ground from a stock price stand-point. How do they find them? Who introduces them to company management, or management to them? Hmmmmm.....me thinks there's lot'sa "stuff" going on in this aspect of the financing arena which could use a little more governance "light" from a retail investor point of view. Bottom Line? If the company's got a sound idea for a product, and DWDM products of the type LUMM is working on DEFINITELY are a sound idea, then the company can survive whatever machinations Castle may implement. To be fair...they may not implement any(yeah....and pigs can fly, too! heh). I wouldn't waste time in recriminating management over this. Think about it. They're scientists and researchers. They ain't financing guru's. Not by a long shot. They've zero experience in that area(although there is a side-bar comment that goes something like..."the more one is educated in a particular field, the more they think they know about EVERYTHING else!"). So is it any wonder they're babe's in the woods? Be that as it may...you CAN hold their advisor accountable; as this individual, department, etc., damn sure SHOULD know the ends and outs of such as Castle. I see it as part of THEIR due dilly with regard to strangers offering candy(money). John~