I'm out.., page-235

You must not read.

LWP are ripping through $1.7m per quarter.

They have $5.4m left.

So 2-3 quarters worth of cash at current burn.

The capital raise process will need to begin within 8 weeks for a deadline that is aligned with balance sheet burn out. This is a big turn off for anyone interesting in buying shares.

Revenue is unlikely to flow during the next 8-12 months. This was stated at the roadshows.

Capital investment for another JV is unlikely over this time also. There isn't the capital floating around for Oil & Gas like there was even mid-last year. I hope none of this happens and things pick up for everyone.

Unfortunately though, it would seem the only way forward at this stage is more dilution. Dilution for working capital to survive this year and next. And dilution to grow and expand the business through any other JV's.

The ASX is littered with companies like this. It's not uncommon. ANQ like LWP has the most incredible tech but management have diluted them selfs out of existence.

I have close friends who have lost a lot of money here. Serious money. And anyone saying management are not to blame obviously never talked to management. The build up of poor decisions are the only reason LWP is trading at $0.003.

Mr Konig has a base salary of $285,000 per year. Plus super. A vehicle allowance of up to $12,000 per annum and further monetary bonuses.

This is the package of an ASX300 CEO. It's also around the total amount my friends have lost in LWP.

How Ironic.