Sunday Trivia, page-41

almost certain they WILL consolidate imho.
there is simply no where else to go.
they must raise funds, because otherwise LWP will cease to exist.
LWP is very rapidly heading towards insolvency.
Guaranteed the previous directors will not see LWP put into liquidation, or administration, because a Liquidator can investigate the circumstances leading to the Liquidation, and enforce directors to attend a court examination! Look how happy Clive Palmer was sitting in the witness box re Qld Nickel. Where "Wally"?? (sorry, where's Clive Mensik?)

So the only way to raise funds is a CR.
With no buyers at $0.001, they simply cannot raise capital.
So if they consolidate heavily (just say 100:1), then the theoretical SP will be say 10c. Of course it would drop like a rock.
BUT - if they come out with an encouraging story, then that new 10c SP might stay high enough to allow a CR to get away?
of course, anything coming out of the LWP newsroom would be highly speculative.
that CR could be a Placement +/- a Rights issue?

We can bet the review in progress will come out with a spin that "...the Proppant technology has potential, and is worth pursuing. Meanwhile the board will say they will look at new opportunities. But LWP needs further funds to keep going, and to chase these prospective, exciting new opportunities ......"

Meanwhile what is the outcome of the Governance review?
Where are the conclusions?
If it was material enough for the LWP to release the news of the review, then it is material enough for LWP to release the news of its outcome.

Also, is the new board going to do a review, and if appropriate, investigate the disposition of LWP funds earlier?
Then if appropriate, initiate any action to recover such funds?

For example, where is the independent review of the Graphenera transaction, and the circumstances surrounding the disposition of LWP funds? How can the matter be run by the very same directors who were involved in the transaction? similarly the mgt and conduct of the court case?

it simply needs an independent eye.

An independent review might determine that LWP has an argument to seek recompense for those losses ??? !!!

Shareholders past and present need to cause the new board/Chairman to seek an independent review of those matters s/h have been screaming about for years.