Luminent Mtg Cap Inc (fka LUMC)

[leebret]

We will be moving to the pink sheets. No panic from many of us. Just sooner than we expected. Value is what the market is showing us today. Spoke with the CFO this morning and confirmed the dividend and other things.


http://www.nyse.com/press/1209380213799....

NYSE to Suspend Luminent Mortgage Capital, Moves to Remove from the List

NEW YORK, April 28, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Luminent Mortgage Capital, Inc. (the “Company”) – ticker symbol LUM - should be suspended prior to the opening on Friday, May 2, 2008.
The decision was reached in view of the fact that the Company has fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average share price over a consecutive 30 trading-day period of not less than $1.00. In addition, the market capitalization of the Company’s common stock recently has also fallen below the NYSE’s continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which is the minimum threshold for listing.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Karen Chang [phone]
Luminent Mortgage Capital, Inc.