Momentum Players

[leebret]

ten hut, get'em ready for the explosion next week and here's why.

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.


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