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LUMINUS SYSTEMS LIMITED. (LSL)

Delisted from ASX 20/06/2012

SHARE PRICES

Former (or subsequent) names

 FROMTO
LUMINUS SYSTEMS LIMITED.21/10/2004
LUMINUS SYSTEMS LIMITED (2)19/03/200415/10/2004
DIGITAL NOW INC19/03/2004

Shareholder links

Our website ranking of LSL: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 3 9415 4000 or 1300 850 505
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: Level 4, 349 Collins Street, MELBOURNE, VIC, AUSTRALIA, 3000
Tel:  (03) 8614 8400 Fax: (03) 8614 8410

Date first listed: 21/10/2004
Company Secretary: Mr Ian Pattison
Sector: Diversified Financials Industry Group: XFJ
Activities: Developer of digital imaging technology for the photo processing industry
the last news on this companies website is dated 15 June 2012 - and that was a release posted while the company was still listed - are directors keeping shareholders informed of developments? - certainly not via the company website 03/03/2013
delisted at the request of the Company20/06/2012
we understand that the acquisition of mineral portfolio interests on the terms and conditions of the Duyfken Option Agreement, necessitated the delisting of the company so that the Duyfken option can be exercised - the company intends to issue a prospectus and seek quotation on an exchange20/06/2012
Optiro Pty Ltd (Optiro) has prepared an Independent Geologists's report on the mineral assets of Luminus Systems Limited22/05/2012
we understand that on or about this date the company consolidated its shares 1 for 1030/11/2011
the securities of Luminus Systems Limited (LSLDA) will be suspended from quotation immediately, following security holder approval of the acquisition of mineral portfolio interests on the terms and conditions of the Duyfken Option Agreement, and the resultant change of activities28/11/2011
the suspension of trading in the securities of Luminus Systems Limited (the "Company") will be lifted immediately, following a release to the market by the Company titled; "Luminus Acquires Extensive Minerals Portfolio Includes Significant Gold and Phosphate Holdings"12/10/2010
the securities of Luminus Systems Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company11/10/2010
we understand that on or about this date the company consolidated its shares 1 for 10018/11/2008
securities reinstated to quotation03/09/2008
securities suspended from quotation following failure to lodge its half report for the period ended 30 June 200801/09/2008
listed under the Company's reorganisation scheme to insert Luminus Systems Limited as the parent entity. Luminus Systems Limited is expected to be admitted to the official list on or about Monday 18 October, under the ASX code LSL18/10/2004

ASX Announcements (courtesy of ASX)

 

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You make some very good points. Regulatory oversight, particularly at the small end of the market, is non-existent. 

A generalisation - but most of the problems occur because directors and managers are not up to it.  We would like eventually to co-relate failure with specific people so that shareholders avoided their companies.    

deListed  
25/04/2012 06:58:41

It seems this company (Luminus Sustems) is following the path of many other companies, that is, have enough cash to pay directors and managers for a number of years while reinventing yourself a number of times and reducing people's shareholdings down to nothing.  Once achieved, it is then a matter of paying these 'suits' until there is nothing left in the kitty.  Then the company can go bust but management still have the good life because they have prepared for it. 

 

I can hardly remember what the original name of this company was!  Now they are going to get into resources.  This isn't new either.  How many companies have done this already and then gone bust?  We, the investors might just as well donate our money to paying the salaries instead of thinking we might do OK for our retirement.  So many company gurus are living the good life at our expense.  My original investment of shares was large and now is a big number of 4.  That's right 4.  FOUR shares worth 4.5cents each today.  How much did each share cost me?  $1,500.  Some investment over the years, but the company is still there and the people who run it are still being paid good money for loosing mine.

 

Where is ASIC?  They were not there when Pasminco (a successful Zinc company) went under because Management got currency investing wrong.  They, like the Phoenix, arose from the ashes, renamed, only to go under for a second time.  Investors did not get one cent on either occasion.  Good on you ASIC.  How many have there been?  How many more to come?

18/04/2012 18:32:41

18/04/2012 18:26:58

Company Updates

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Sal CatalanoChairman28/12/2002
    Ian PattisonCFO28/12/2002
    Gary MuellerDirector, COO

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.