Please read my original post RE FORMATION OF SHAREHOLDER GROUP on the Yahoo board if you have the time. You will see a portion of a very recent filing made on the part of Lum in which they have recently requested an extension in order to submit additional filings specifically for the purpose of ("waiving") preventing consideration of the common shareholders in the bankruptcy hearing. We are entitled to be represented in the BK hearing in the form of an ad hoc committee if enough shares are represented. The operative word in the Lum filing you have posted is "plan." It is Lum's "plan." Just because Lum plans this or that or makes whatever declarations they wish to make in the form of legal filings does not mean there is no recourse for us.The bankruptcy hearing has not even taken place, much less its' final outcome determined. Remember, shareholders can also have a plan. What Lum's true financial status is will be ultimately determined in Court. It is the belief on the part of many shareholders, based on many factors, that if the company does go on to organize into a LLC, existing shareholders are entitled to be included in the new venture. Timing is very important though. We must act quickly before more "stealthful" filings are made by Lum that could, in fact, prevent us from taking any and all legal recouse. In one day I have emails representing over 1 million shares. I will continue to post updates on my progress on the Yahoo board. I continue to invite all those who wish to join the group to email me at octobersun@peoplepc.com with your contact information and number of shares you hold. And please remember for now that SEC filings, court filings and press releases don't necessarily always reveal the whole picture. Certainly we have at least learned that by now. If nothing else it's my belief that we are certainly entitled to be represented in the bankruptcy hearing. Take care
