Luminent Mtg Cap Inc (fka LUMC)

[I-Man]

Karen Chang's e-mail does not work and tried to ask her the following:


Dear Ms. Chang,

Reading the current SEC & press releases, what exactly does the following statement mean for us regular people who have invested and held the LUMC stock throughout all the last years' events? :

""The Company does not expect any value to be available to the existing common stock holders or subordinated creditors and it does not expect them to share in the ownership of the newly reorganized company.""

Please tell me it does not mean all our hard earned monies we put away for our retirements and long range family plans has gone down the drain because of the new arrangement your organization has made...


Regards,