  We provide an in depth study of the theoretical peculiarities that arise in
effective negative mass lensing, both for the case of a point mass lens and
source, and for extended source situations. We describe novel observational
signatures arising in the case of a source lensed by a negative mass. We show
that a negative mass lens produces total or partial eclipse of the source in
the umbra region and also show that the usual Shapiro time delay is replaced
with an equivalent time gain. We describe these features both theoretically, as
well as through numerical simulations. We provide negative mass microlensing
simulations for various intensity profiles and discuss the differences between
them. The light curves for microlensing events are presented and contrasted
with those due to lensing produced by normal matter. Presence or absence of
these features in the observed microlensing events can shed light on the
existence of natural wormholes in the Universe.
