1. Most Discussed
  2. Gainers & Losers
LUM 2.3¢

durst contract

  1. Below are the texts of an email I sent to Lumacom,and their reply of 25th March.Nothing terribly surprising------
    Could you please inform me whether the Durst Organization's contract with Totius Media contains provisions enabling them to cancel the contract if certain minimum revenue amounts are not generated within a certain timeframe? If the answer is affirmative can you please inform me of the deadline date?
    We understand shareholder concerns in relation to the delays in the conclusion of transactions. The policy adopted in relation to continuous disclosure is provided on the company’s website, and remains that transactions will be announced when firm commitments have been secured, and these will be announced as soon as possible. The Directors remain confident that the transactions are proceeding towards successful conclusions for Lumacom and its shareholders, and we expect these will provide significant future value for shareholder upon their conclusion.
    Yours faithfully,
    Lumacom Limited

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top