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Microcap & Penny Stocks : LUMI - Signature Horizons (Golf Courses) Scam? Bargain? -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (4)	3/31/2003 1:03:33 PM
From: Glenn Petersen	Respond to of 12

I still don't know how the COO and CEO ended up acquiring their 15M shares. My guess is that they were the owners of Signature Horizons. More importantly, what happened to the 9,275,089 shares that were owned by Eastman Kodak? Do they still own them or were they sold or transferred to a third party? If you add those shares to the shares issued for Signature, you have your 25 million outstanding shares that were referenced in that paid report. Without any SEC filings to review, it is impossible to figure out what is going on here. It would be nice to see some financial statements from the prospective acquisitions. If they have any substance, why would they agree to reverse merge into a shell that may not have any real assets. At $.15, the company has a market cap of close to $4 million. Rather pricey for what may be a shell with no assets. If the prospective acquisitions have any real value, they may insist on cramming the old shareholders down to 1 or 2 percent of the company.